Safehome Systems Inc
EIN: 541607489 · Covington, VA · NTEE: L410
Is Safehome Systems Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Safehome Systems Inc
Safehome Systems Inc (EIN: 541607489) is a nonprofit organization based in Covington, VA, classified under NTEE code L410. The organization reported total revenue of $373K and total assets of $588K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Safehome Systems Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Safehome Systems Inc 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 Safehome Systems Inc 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.
Frequently Asked Questions about Safehome Systems Inc
Is Safehome Systems Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Safehome Systems Inc (EIN: 541607489) insufficient data. 0 red flags identified, 0 strengths noted.
How does Safehome Systems Inc spend its money?
Detailed spending breakdown data is not yet available for Safehome Systems Inc. Check back for updated IRS 990 analysis.
Are donations to Safehome Systems Inc tax-deductible?
Safehome Systems Inc is registered as a tax-exempt nonprofit (EIN: 541607489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Safehome Systems Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Safehome Systems Inc's revenue has grown by 90.5%, moving from $264K to $504K. Total assets increased by 275.6% over the same period, from $162K to $607K. Total functional expenses rose by 41.7%, from $308K to $436K. In its most recent filing year (2023), Safehome Systems Inc reported a surplus of $67K, with revenue exceeding expenses. The organization holds $27K in liabilities against $607K in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $580K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $504K | $436K | $607K | $27K | — | View 990 |
| 2022 | $555K | $497K | $546K | $4K | — | View 990 |
| 2021 | $302K | $441K | $488K | $4K | — | — |
| 2020 | $546K | $515K | $623K | $144 | — | View 990 |
| 2019 | $644K | $622K | $595K | $4K | — | View 990 |
| 2018 | $673K | $605K | $569K | $538 | — | View 990 |
| 2017 | $662K | $535K | $515K | $13K | — | View 990 |
| 2016 | $356K | $299K | $381K | $6K | — | View 990 |
| 2015 | $317K | $257K | $323K | $5K | — | View 990 |
| 2014 | $291K | $229K | $266K | $8K | — | View 990 |
| 2013 | $214K | $199K | $271K | $76K | — | View 990 |
| 2012 | $225K | $200K | $190K | $10K | — | View 990 |
| 2011 | $264K | $308K | $162K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $504K, expenses of $436K, and assets of $607K (revenue -9.3% year-over-year).
- 2022: Revenue of $555K, expenses of $497K, and assets of $546K (revenue +83.7% year-over-year).
- 2021: Revenue of $302K, expenses of $441K, and assets of $488K (revenue -44.7% year-over-year).
- 2020: Revenue of $546K, expenses of $515K, and assets of $623K (revenue -15.2% year-over-year).
- 2019: Revenue of $644K, expenses of $622K, and assets of $595K (revenue -4.2% year-over-year).
- 2018: Revenue of $673K, expenses of $605K, and assets of $569K (revenue +1.7% year-over-year).
- 2017: Revenue of $662K, expenses of $535K, and assets of $515K (revenue +86.0% year-over-year).
- 2016: Revenue of $356K, expenses of $299K, and assets of $381K (revenue +12.3% year-over-year).
- 2015: Revenue of $317K, expenses of $257K, and assets of $323K (revenue +8.8% year-over-year).
- 2014: Revenue of $291K, expenses of $229K, and assets of $266K (revenue +36.1% year-over-year).
- 2013: Revenue of $214K, expenses of $199K, and assets of $271K (revenue -4.8% year-over-year).
- 2012: Revenue of $225K, expenses of $200K, and assets of $190K (revenue -15.0% year-over-year).
- 2011: Revenue of $264K, expenses of $308K, and assets of $162K.
Data Sources and Methodology
This transparency report for Safehome Systems 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.