Safehouse Services

Analysis

Safehouse Services is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in February 1959, 67 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Safehouse Services reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $996k to $1.2m (+18%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safehouse Services sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within WY. Charities of a similar size with the same main cause include Ursuline Foundation ($1.2m), Open Aid Alliance ($1.2m) and Amyotrophic Lateral Sclerosis Association ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $77k (6.6% of expenses). Other salaries and wages came to $446k. At year end it held assets of $1.7m against liabilities of $49k, net assets of $1.6m. It reported 18 employees.