Safy Foundation Inc

Analysis

Safy Foundation Inc is a registered charity in United States, based in Delphos, OH. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Safy Foundation Inc reported income of $427k and spending of $159k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $14.0m to $427k (-97%), an average of -97% a year. The sharpest change came in the year to December 2023, when income dropped by 97%. Over the whole period it spent 2.2% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Safy Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Childrens Performing Arts ($427k), Pro-Art Association a Chapter of the Virginia Museum of Fine Arts ($427k) and Rochester Folk Art Guild Inc ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% of the total. At year end it held assets of $14.9m against liabilities of $76k, net assets of $14.8m.