Safe Passage
Safe Passage reports recent operating deficits but maintains strong asset reserves and zero officer compensation.
EIN: 10532835 · Portland, ME · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3,269,455 |
| Net Assets | $4.1M |
| Transparency Score | 85/100 |
Is Safe Passage Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Safe Passage directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Safe Passage
Safe Passage (EIN: 10532835) is a nonprofit organization based in Portland, ME, classified under NTEE code Q33. The organization reported total revenue of $3.3M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Safe Passage's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Safe Passage is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-354,639 |
| Total Assets | $4.3M |
| Total Liabilities | $115K |
| Net Assets | $4.1M |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 19.8 months |
Financial Health Grade: B
In 2023, Safe Passage reported a deficit of $355K with expenses exceeding revenue, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Safe Passage's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +4.9% | -1.1% |
| 2022 | -41.1% | +5.9% | -13.6% |
| 2021 | +217.3% | +106.7% | +34.5% |
| 2020 | -37.0% | -42.8% | +8.8% |
| 2020 | +6.6% | +1.5% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Passage 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Safe Passage allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $355K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Safe Passage consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This is highly unusual for an organization of its size (latest revenue $3,269,455) and suggests a strong commitment to directing all funds to its mission.
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 Passage's IRS 990 filings:
- Expenses exceeding revenue in recent fiscal periods (2022 and 2023)
- Significant year-over-year revenue volatility (e.g., $1.2M in 2020 to $3.8M in 2021 to $2.2M in 2023)
Strengths
The following positive indicators were identified for Safe Passage:
- Consistent 0% officer compensation, indicating high efficiency in executive pay
- Strong asset-to-liability ratio, demonstrating good solvency
- Healthy asset base providing financial stability despite recent operating deficits
- Long filing history (13 filings) indicating consistent compliance and transparency
Frequently Asked Questions about Safe Passage
Is Safe Passage a legitimate charity?
Safe Passage (EIN: 10532835) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Safe Passage spend its money?
Safe Passage directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Safe Passage tax-deductible?
Safe Passage is registered as a tax-exempt nonprofit (EIN: 10532835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Safe Passage CEO make?
Safe Passage's highest-compensated officer earns $3,269,455 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Safe Passage's spending goes to programs?
Safe Passage directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Safe Passage compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Safe Passage is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Safe Passage located?
Safe Passage is headquartered in Portland, Maine and files with the IRS under EIN 10532835. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Safe Passage have?
Safe Passage 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 $3.3M in total revenue.
Is Safe Passage experiencing a sustainable financial model given recent deficits?
While Safe Passage has reported expenses exceeding revenue in 2022 and 2023, its substantial asset base ($4,255,617 in 2023) and low liabilities ($114,764 in 2023) provide a significant buffer. However, sustained deficits without revenue growth could eventually impact long-term sustainability.
How does Safe Passage manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation on the 990, such as through a related entity or as regular staff salaries not specifically designated as 'officer' compensation. This is a notable operational model.
What caused the significant revenue fluctuation in 2021?
Revenue for Safe Passage jumped to $3,813,966 in 2021 from $1,202,186 in 2020. This significant increase could be due to a major grant, a successful fundraising campaign, or a one-time donation. Further investigation into the 2021 990 filing would be needed to identify the specific source(s) of this revenue surge.
Filing History
IRS 990 filing history for Safe Passage showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Safe Passage's revenue has grown by 33.5%, moving from $1.7M to $2.2M. Total assets increased by 16% over the same period, from $3.7M to $4.3M. Total functional expenses rose by 61%, from $1.6M to $2.6M. In its most recent filing year (2023), Safe Passage reported a deficit of $355K, with expenses exceeding revenue. The organization holds $115K in liabilities against $4.3M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.6M | $4.3M | $115K | — | — |
| 2022 | $2.2M | $2.5M | $4.3M | $135K | — | — |
| 2021 | $3.8M | $2.3M | $5.0M | $41K | — | View 990 |
| 2020 | $1.2M | $1.1M | $3.7M | $23K | — | View 990 |
| 2020 | $1.9M | $2.0M | $3.4M | $110K | — | View 990 |
| 2019 | $1.8M | $1.9M | $3.4M | $32K | — | View 990 |
| 2018 | $2.0M | $2.2M | $3.5M | $25K | — | View 990 |
| 2017 | $1.8M | $2.2M | $3.7M | $33K | — | View 990 |
| 2016 | $1.8M | $2.4M | $4.0M | $15K | — | View 990 |
| 2015 | $2.2M | $2.2M | $4.6M | $28K | — | View 990 |
| 2014 | $3.4M | $2.2M | $4.9M | $42K | — | View 990 |
| 2013 | $1.8M | $1.6M | $3.7M | $32K | — | View 990 |
| 2012 | $1.7M | $1.6M | $3.7M | $165K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.6M, and assets of $4.3M (revenue -1.2% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.5M, and assets of $4.3M (revenue -41.1% year-over-year).
- 2021: Revenue of $3.8M, expenses of $2.3M, and assets of $5.0M (revenue +217.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $3.7M (revenue -37.0% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.0M, and assets of $3.4M (revenue +6.6% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.9M, and assets of $3.4M (revenue -10.8% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.2M, and assets of $3.5M (revenue +12.0% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.2M, and assets of $3.7M (revenue -2.3% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.4M, and assets of $4.0M (revenue -17.9% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $4.6M (revenue -33.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $2.2M, and assets of $4.9M (revenue +90.0% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $3.7M (revenue +6.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Safe Passage:
Data Sources and Methodology
This transparency report for Safe Passage 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.