Safe Place for Youth Inc

Analysis

Safe Place for Youth Inc is a registered charity in United States, based in Marina Del Rey, CA. It received its IRS tax-exemption ruling in April 2020, 6 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 June 2023, Safe Place for Youth Inc reported income of $10.8m and spending of $10.5m, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $4.4m to $10.8m (+146%), an average of +57% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safe Place for Youth Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Catholic Charities of Southern Missouri ($10.8m), Hospice of Lake Cumberland Inc ($10.8m) and Ozarks Regional YMCA ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $303k (2.9% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $4.6m against liabilities of $1.5m, net assets of $3.1m. It reported 176 employees.