Safequest Solano

Analysis

Safequest Solano is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 2024, Safequest Solano reported income of $2.2m and spending of $1.5m, leaving 30% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.1m to $2.2m (+1.9%), an average of +0.4% a year. The sharpest change came in the year to June 2020, when income dropped by 70%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safequest Solano sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Redondo Beach Educational Foundation ($2.2m), Variety School of Hawaii ($2.2m) and Central Florida Jobs with Justice Corp ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $75k (5.0% of expenses). Other salaries and wages came to $775k. At year end it held assets of -$51k against liabilities of $906k, net assets of -$957k. It reported 22 employees.