Safe Passage Inc

Analysis

Safe Passage Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Passage Inc reported income of $399k and spending of $166k, leaving 58% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $247k to $399k (+62%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Passage Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within KY. Charities of a similar size with the same main cause include Aces Youth Home Inc ($399k), Almost Home Ministries ($399k) and Alchemy Inc ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (35% of expenses). Other salaries and wages came to $54k. At year end it held assets of $598k against liabilities of $0, net assets of $598k. It reported 4 employees.