Safe Harbor Inc
Safe Harbor Inc: Consistent Revenue, Stable Assets, and Strong Program Spending
EIN: 222579445 · Westbrook, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $451K |
| Total Expenses | $305K |
| Program Spending | 85% |
| Net Assets | $138K |
| Transparency Score | 85/100 |
Is Safe Harbor Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Safe Harbor Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Safe Harbor Inc
Safe Harbor Inc (EIN: 222579445) is a nonprofit organization based in Westbrook, CT. The organization reported total revenue of $451K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Safe Harbor Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Safe Harbor Inc is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $303K |
| Total Expenses | $305K |
| Surplus / Deficit | $-2,055 |
| Total Assets | $992K |
| Total Liabilities | $853K |
| Net Assets | $138K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 86.0% |
| Months of Reserves | 39.0 months |
Financial Health Grade: C
In 2023, Safe Harbor Inc reported a deficit of $2K with expenses exceeding revenue, holds 39.0 months of operating reserves (strong position), has a debt-to-asset ratio of 86.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Safe Harbor Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +1.8% | -2.7% |
| 2022 | -2.1% | +0.7% | -4.2% |
| 2021 | +8.1% | +3.5% | +2.9% |
| 2020 | +2.6% | -5.8% | -2.2% |
| 2019 | -5.3% | -4.1% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Safe Harbor Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Safe Harbor Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.0%.
Executive Compensation Analysis
Based on available filings, Safe Harbor Inc. reports 'c0%' for compensation across all years, suggesting no direct compensation for executive leadership or key employees from the organization's reported expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Safe Harbor Inc's IRS 990 filings:
- The consistent 'c0%' compensation reported for all years might warrant further investigation to understand how leadership is compensated, if at all, or if services are entirely volunteer-based.
- A gradual decline in total assets from $1,177,811 in 2016 to $991,680 in 2023, while not drastic, indicates a slow erosion of the organization's financial base.
Strengths
The following positive indicators were identified for Safe Harbor Inc:
- Remarkably stable revenue stream, consistently around $300,000 annually, demonstrating reliable funding.
- High percentage of expenses allocated to programs (85%), indicating a strong focus on mission delivery.
- Low administrative and fundraising costs (10% and 5% respectively) suggest efficient operations.
- Consistent reporting of 'c0%' for compensation could indicate a highly volunteer-driven model, maximizing funds for programs.
Frequently Asked Questions about Safe Harbor Inc
Is Safe Harbor Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Safe Harbor Inc (EIN: 222579445) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Safe Harbor Inc spend its money?
Safe Harbor Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Safe Harbor Inc tax-deductible?
Safe Harbor Inc is registered as a tax-exempt nonprofit (EIN: 222579445). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Safe Harbor Inc's spending goes to programs?
Safe Harbor Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Safe Harbor Inc located?
Safe Harbor Inc is headquartered in Westbrook, Connecticut and files with the IRS under EIN 222579445.
How many years of IRS 990 filings does Safe Harbor Inc have?
Safe Harbor Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $451K in total revenue.
What does Safe Harbor Inc do?
Safe Harbor Inc is a nonprofit organization in the Unknown sector, located in Westbrook, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Safe Harbor Inc have?
Safe Harbor Inc reported total revenue of $451,453. Based on 13 IRS 990 filings on record.
What are Safe Harbor Inc's total assets?
Safe Harbor Inc holds total assets of $1,103,292 as reported in IRS 990 filings.
Where is Safe Harbor Inc located?
Safe Harbor Inc is based in Westbrook, Connecticut.
What is Safe Harbor Inc's EIN?
Safe Harbor Inc's Employer Identification Number (EIN) is 222579445. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Safe Harbor Inc?
Safe Harbor Inc is classified under NTEE code Unknown (Unknown).
Is Safe Harbor Inc a registered 501(c)(3)?
Safe Harbor Inc appears in IRS records (EIN: 222579445). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Safe Harbor Inc file IRS Form 990?
Yes, Safe Harbor Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Safe Harbor Inc's revenue in 2023?
In the 202312 filing period, Safe Harbor Inc reported total revenue of $303,101, total expenses of $305,156, and net assets of $991,680.
Is Safe Harbor Inc's revenue growing or declining?
Safe Harbor Inc's revenue is relatively stable. Revenue went from $308,413 (202212) to $303,101 (202312), a -1.7% change. Based on 13 filings on record.
What is Safe Harbor Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Safe Harbor Inc covers tax period 202312. It shows revenue of $303,101, expenses of $305,156, total assets of $991,680, and liabilities of $853,296.
How much does Safe Harbor Inc spend on programs vs administration?
Based on IRS 990 analysis, Safe Harbor Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Safe Harbor Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Safe Harbor Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Safe Harbor Inc?
The following concerns were identified: The consistent 'c0%' compensation reported for all years might warrant further investigation to understand how leadership is compensated, if at all, or if services are entirely volunteer-based.. A gradual decline in total assets from $1,177,811 in 2016 to $991,680 in 2023, while not drastic, indicates a slow erosion of the organization's financial base.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Safe Harbor Inc's strengths?
Positive indicators for Safe Harbor Inc include: Remarkably stable revenue stream, consistently around $300,000 annually, demonstrating reliable funding.. High percentage of expenses allocated to programs (85%), indicating a strong focus on mission delivery.. Low administrative and fundraising costs (10% and 5% respectively) suggest efficient operations.. Consistent reporting of 'c0%' for compensation could indicate a highly volunteer-driven model, maximizing funds for programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Safe Harbor Inc compensate executives?
Based on available filings, Safe Harbor Inc. reports 'c0%' for compensation across all years, suggesting no direct compensation for executive leadership or key employees from the organization's reported expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation reported, what is the operational model that sustains leadership and key personnel, and how does this impact long-term organizational stability and succession planning?
The consistent 'c0%' compensation suggests a heavily volunteer-reliant model or that compensation is covered by an external entity not reflected in these filings. While this maximizes program spending, it raises questions about the sustainability of leadership, potential for burnout, and the organization's ability to attract and retain talent for critical roles without direct compensation, which could impact long-term stability and succession.
Despite stable revenue, total assets have declined from $1,177,811 in 2016 to $991,680 in 2023. What factors contribute to this asset erosion, and what strategies are in place to reverse this trend?
The gradual decline in assets, despite stable revenue, could be due to expenses consistently exceeding revenue, even if slightly, or a lack of significant capital contributions or investment growth. Without more detailed financial statements, it's difficult to pinpoint exact causes. Strategies to reverse this trend might include targeted fundraising for reserves, more aggressive investment management, or a review of operational efficiencies to ensure a positive net asset growth.
Filing History
IRS 990 filing history for Safe Harbor Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Safe Harbor Inc's revenue has grown by 28.3%, moving from $236K to $303K. Total assets decreased by 23.3% over the same period, from $1.3M to $992K. Total functional expenses rose by 8.9%, from $280K to $305K. In its most recent filing year (2023), Safe Harbor Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $853K in liabilities against $992K in assets (debt-to-asset ratio: 86.0%), resulting in net assets of $138K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $303K | $305K | $992K | $853K | — | — |
| 2022 | $308K | $300K | $1.0M | $879K | — | View 990 |
| 2021 | $315K | $298K | $1.1M | $894K | — | View 990 |
| 2020 | $292K | $287K | $1.0M | $903K | — | View 990 |
| 2019 | $284K | $305K | $1.1M | $930K | — | View 990 |
| 2018 | $300K | $318K | $1.1M | $948K | — | View 990 |
| 2017 | $286K | $269K | $1.2M | $968K | — | View 990 |
| 2016 | $279K | $288K | $1.2M | $988K | — | View 990 |
| 2015 | $271K | $287K | $1.2M | $1.0M | — | View 990 |
| 2014 | $263K | $283K | $1.3M | $1.0M | — | View 990 |
| 2013 | $240K | $290K | $1.3M | $1.0M | — | View 990 |
| 2012 | $349K | $254K | $1.4M | $1.1M | — | View 990 |
| 2011 | $236K | $280K | $1.3M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $303K, expenses of $305K, and assets of $992K (revenue -1.7% year-over-year).
- 2022: Revenue of $308K, expenses of $300K, and assets of $1.0M (revenue -2.1% year-over-year).
- 2021: Revenue of $315K, expenses of $298K, and assets of $1.1M (revenue +8.1% year-over-year).
- 2020: Revenue of $292K, expenses of $287K, and assets of $1.0M (revenue +2.6% year-over-year).
- 2019: Revenue of $284K, expenses of $305K, and assets of $1.1M (revenue -5.3% year-over-year).
- 2018: Revenue of $300K, expenses of $318K, and assets of $1.1M (revenue +4.8% year-over-year).
- 2017: Revenue of $286K, expenses of $269K, and assets of $1.2M (revenue +2.5% year-over-year).
- 2016: Revenue of $279K, expenses of $288K, and assets of $1.2M (revenue +3.2% year-over-year).
- 2015: Revenue of $271K, expenses of $287K, and assets of $1.2M (revenue +2.9% year-over-year).
- 2014: Revenue of $263K, expenses of $283K, and assets of $1.3M (revenue +9.5% year-over-year).
- 2013: Revenue of $240K, expenses of $290K, and assets of $1.3M (revenue -31.2% year-over-year).
- 2012: Revenue of $349K, expenses of $254K, and assets of $1.4M (revenue +47.7% year-over-year).
- 2011: Revenue of $236K, expenses of $280K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Safe Harbor Inc:
Data Sources and Methodology
This transparency report for Safe Harbor Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.