Safehouse Denver Inc

Analysis

Safehouse Denver Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1977, 49 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 March 2024, Safehouse Denver Inc reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.1m to $2.8m (+33%), an average of +7.3% a year. The sharpest change came in the year to March 2021, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safehouse Denver Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include A Sense of Home ($2.8m), Adoption Choices Inc ($2.8m) and Support Innovations Inc ($2.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 91% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $168k (6.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.8m against liabilities of $215k, net assets of $5.6m. It reported 46 employees.