Safe House Project Inc

Analysis

Safe House Project Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Safe House Project Inc reported income of $1.8m and spending of $1.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $1.8m (+302%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 190%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Safe House Project Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Baltimore Washington Laborers Joint Training Fund ($1.8m), Kites Nest Inc ($1.8m) and Jefferson County Local Development Corporation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $166k (12% of expenses). Other salaries and wages came to $291k. At year end it held assets of $2.2m against liabilities of $35k, net assets of $2.2m. It reported 12 employees.