Her Safety Net

Analysis

Her Safety Net is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Her Safety Net reported income of $257k and spending of $238k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $257k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Her Safety Net sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include Presbyterian Villege North ($257k), Tioga County Homeless Initiative ($257k) and Senior Citizens Affairs Foundation of Pine - Strawberry ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $171k. At year end it held assets of $36k against liabilities of $8,339, net assets of $28k.