Safe Passage Project Corporation
EIN: 462946211 · New York, NY · NTEE: I80
| Metric | Value |
|---|---|
| Total Revenue | $13.5M |
| Total Expenses | $6.1M |
| Net Assets | $7.9M |
Is Safe Passage Project Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Safe Passage Project Corporation
Safe Passage Project Corporation (EIN: 462946211) is a nonprofit organization based in New York, NY, classified under NTEE code I80. The organization reported total revenue of $13.5M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Safe Passage Project Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Safe Passage Project Corporation is a large nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 73.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-1,134,843 |
| Total Assets | $7.9M |
| Total Liabilities | $25K |
| Net Assets | $7.9M |
| Operating Margin | -22.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 15.5 months |
Financial Health Grade: B
In 2023, Safe Passage Project Corporation reported a deficit of $1.1M with expenses exceeding revenue, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Safe Passage Project Corporation's revenue has grown at a compound annual growth rate (CAGR) of 73.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.0% | +23.1% | -12.9% |
| 2022 | +10.5% | +10.0% | +7.3% |
| 2021 | +11.7% | +13.6% | +16.5% |
| 2020 | +13.4% | +24.1% | +49.1% |
| 2019 | +6.7% | +53.2% | +31.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Safe Passage Project Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Safe Passage Project Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Safe Passage Project Corporation
Is Safe Passage Project Corporation a legitimate charity?
Safe Passage Project Corporation (EIN: 462946211) is a registered tax-exempt nonprofit based in New York. It has 11 years of IRS 990 filings on record. Total revenue: $13.5M. No red flags identified. Financial health grade: B.
How does Safe Passage Project Corporation spend its money?
Safe Passage Project Corporation reported $13.5M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Safe Passage Project Corporation tax-deductible?
Safe Passage Project Corporation is registered as a tax-exempt nonprofit (EIN: 462946211). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Safe Passage Project Corporation located?
Safe Passage Project Corporation is headquartered in New York, New York and files with the IRS under EIN 462946211. It is classified under NTEE code I80.
How many years of IRS 990 filings does Safe Passage Project Corporation have?
Safe Passage Project Corporation has 11 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 $13.5M in total revenue.
Filing History
IRS 990 filing history for Safe Passage Project Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Safe Passage Project Corporation's revenue has grown by 25095.6%, moving from $20K to $5.0M. Total assets increased by 49673.2% over the same period, from $16K to $7.9M. Total functional expenses rose by 155557.7%, from $4K to $6.1M. In its most recent filing year (2023), Safe Passage Project Corporation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $25K in liabilities against $7.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $6.1M | $7.9M | $25K | — | — |
| 2022 | $6.2M | $5.0M | $9.1M | $86K | — | View 990 |
| 2021 | $5.6M | $4.5M | $8.5M | $654K | — | View 990 |
| 2020 | $5.0M | $4.0M | $7.3M | $506K | — | View 990 |
| 2019 | $4.4M | $3.2M | $4.9M | $43K | — | View 990 |
| 2018 | $4.1M | $2.1M | $3.7M | $79K | — | View 990 |
| 2017 | $2.3M | $1.4M | $1.6M | $22K | — | View 990 |
| 2016 | $1.5M | $929K | $793K | $64K | — | View 990 |
| 2015 | $453K | $521K | $204K | $63K | — | View 990 |
| 2014 | $177K | $82K | $111K | $0 | — | View 990 |
| 2013 | $20K | $4K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $6.1M, and assets of $7.9M (revenue -19.0% year-over-year).
- 2022: Revenue of $6.2M, expenses of $5.0M, and assets of $9.1M (revenue +10.5% year-over-year).
- 2021: Revenue of $5.6M, expenses of $4.5M, and assets of $8.5M (revenue +11.7% year-over-year).
- 2020: Revenue of $5.0M, expenses of $4.0M, and assets of $7.3M (revenue +13.4% year-over-year).
- 2019: Revenue of $4.4M, expenses of $3.2M, and assets of $4.9M (revenue +6.7% year-over-year).
- 2018: Revenue of $4.1M, expenses of $2.1M, and assets of $3.7M (revenue +82.8% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.4M, and assets of $1.6M (revenue +48.8% year-over-year).
- 2016: Revenue of $1.5M, expenses of $929K, and assets of $793K (revenue +234.2% year-over-year).
- 2015: Revenue of $453K, expenses of $521K, and assets of $204K (revenue +155.6% year-over-year).
- 2014: Revenue of $177K, expenses of $82K, and assets of $111K (revenue +795.7% year-over-year).
- 2013: Revenue of $20K, expenses of $4K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Safe Passage Project Corporation:
Data Sources and Methodology
This transparency report for Safe Passage Project Corporation 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.