Safeplace

Analysis

Safeplace is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in January 1982, 44 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 December 2023, Safeplace reported income of $3.7m and spending of $3.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.7m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safeplace sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Yad Chaya Inc ($3.7m), Central Brevard Sharing Center Inc ($3.7m) and The YWCA of Princeton Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $111k (2.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.6m against liabilities of $863k, net assets of $2.8m. It reported 50 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.