Safe in Spirit Inc

Analysis

Safe in Spirit Inc is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Safe in Spirit Inc reported income of $619k and spending of $559k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $313k to $619k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Safe in Spirit Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Psychiatric Clinical Facultyassociation ($619k), Everett Christian School ($620k) and Eagle Learning Center Inc ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $307k against liabilities of $349k, net assets of -$42k.