Ssafe Inc
Ssafe Inc. faces persistent operating deficits, drawing down assets despite no executive compensation.
EIN: 208422410 · Sanford, NC · NTEE: K059 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $244K |
| Program Spending | 75% |
| Net Assets | $258K |
| Transparency Score | 65/100 |
Is Ssafe Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ssafe Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ssafe Inc
Ssafe Inc (EIN: 208422410) is a nonprofit organization based in Sanford, NC, classified under NTEE code K059. The organization reported total revenue of $200K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ssafe Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ssafe Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $244K |
| Surplus / Deficit | $-78,943 |
| Total Assets | $324K |
| Total Liabilities | $66K |
| Net Assets | $258K |
| Operating Margin | -47.8% |
| Debt-to-Asset Ratio | 20.4% |
| Months of Reserves | 15.9 months |
Financial Health Grade: B
In 2023, Ssafe Inc reported a deficit of $79K with expenses exceeding revenue, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 20.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ssafe Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +2.8% | -19.4% |
| 2022 | +0.0% | +63.3% | -9.5% |
| 2021 | +22.2% | +6.9% | +9.3% |
| 2020 | +12.5% | -7.0% | +0.5% |
| 2019 | -11.1% | -10.5% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Ssafe Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Ssafe Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.4%.
Executive Compensation Analysis
Ssafe Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Ssafe Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $243,943 expenses vs. $165,000 revenue in 2023)
- Declining asset base over time (from $523,741 in 2014 to $323,525 in 2023)
- Liabilities have fluctuated significantly, reaching $65,882 in 2023, indicating potential financial strain.
Strengths
The following positive indicators were identified for Ssafe Inc:
- No reported officer compensation, indicating high efficiency in executive overhead.
- Maintains a substantial asset base relative to its revenue, providing some financial cushion despite deficits.
Frequently Asked Questions about Ssafe Inc
Is Ssafe Inc a legitimate charity?
Ssafe Inc (EIN: 208422410) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $200K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Ssafe Inc spend its money?
Ssafe Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ssafe Inc tax-deductible?
Ssafe Inc is registered as a tax-exempt nonprofit (EIN: 208422410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ssafe Inc's spending goes to programs?
Ssafe Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ssafe Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ssafe Inc is above average for NTEE category K059 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ssafe Inc located?
Ssafe Inc is headquartered in Sanford, North Carolina and files with the IRS under EIN 208422410. It is classified under NTEE code K059.
How many years of IRS 990 filings does Ssafe Inc have?
Ssafe 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 $200K in total revenue.
Is Ssafe Inc. financially sustainable given its recurring deficits?
Ssafe Inc. has consistently reported expenses exceeding revenue in recent years (e.g., $243,943 expenses vs. $165,000 revenue in 2023), which raises concerns about its long-term financial sustainability. While it has significant assets, these have been declining, suggesting they are being used to cover operational shortfalls.
What is the cause of the declining asset base?
The declining asset base, from $523,741 in 2014 to $323,525 in 2023, is likely a direct result of the organization's consistent operating deficits, where expenses have frequently outpaced revenue, forcing them to draw from reserves.
How does Ssafe Inc. manage without paying officer compensation?
The consistent reporting of 0% officer compensation suggests that Ssafe Inc. may rely heavily on volunteer leadership or that key roles are compensated through other means not classified as officer compensation, which is unusual but can indicate a strong commitment to mission-focused spending.
Filing History
IRS 990 filing history for Ssafe Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ssafe Inc's revenue has declined by 49.6%, moving from $327K to $165K. Total assets decreased by 26.8% over the same period, from $442K to $324K. Total functional expenses fell by 32.2%, from $360K to $244K. In its most recent filing year (2023), Ssafe Inc reported a deficit of $79K, with expenses exceeding revenue. The organization holds $66K in liabilities against $324K in assets (debt-to-asset ratio: 20.4%), resulting in net assets of $258K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $244K | $324K | $66K | — | — |
| 2022 | $165K | $237K | $401K | $65K | — | — |
| 2021 | $165K | $145K | $443K | $34K | — | View 990 |
| 2020 | $135K | $136K | $406K | $16K | — | — |
| 2019 | $120K | $146K | $404K | $14K | — | View 990 |
| 2018 | $135K | $163K | $480K | $64K | — | View 990 |
| 2017 | $135K | $116K | $460K | $15K | — | View 990 |
| 2016 | $225K | $207K | $426K | $354 | — | View 990 |
| 2015 | $230K | $207K | $521K | $113K | — | View 990 |
| 2014 | $241K | $256K | $524K | $138K | — | View 990 |
| 2013 | $200K | $187K | $485K | $84K | — | View 990 |
| 2012 | $234K | $188K | $469K | $81K | — | View 990 |
| 2011 | $327K | $360K | $442K | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $244K, and assets of $324K (revenue +0.0% year-over-year).
- 2022: Revenue of $165K, expenses of $237K, and assets of $401K (revenue +0.0% year-over-year).
- 2021: Revenue of $165K, expenses of $145K, and assets of $443K (revenue +22.2% year-over-year).
- 2020: Revenue of $135K, expenses of $136K, and assets of $406K (revenue +12.5% year-over-year).
- 2019: Revenue of $120K, expenses of $146K, and assets of $404K (revenue -11.1% year-over-year).
- 2018: Revenue of $135K, expenses of $163K, and assets of $480K (revenue +0.0% year-over-year).
- 2017: Revenue of $135K, expenses of $116K, and assets of $460K (revenue -40.0% year-over-year).
- 2016: Revenue of $225K, expenses of $207K, and assets of $426K (revenue -2.2% year-over-year).
- 2015: Revenue of $230K, expenses of $207K, and assets of $521K (revenue -4.4% year-over-year).
- 2014: Revenue of $241K, expenses of $256K, and assets of $524K (revenue +20.3% year-over-year).
- 2013: Revenue of $200K, expenses of $187K, and assets of $485K (revenue -14.5% year-over-year).
- 2012: Revenue of $234K, expenses of $188K, and assets of $469K (revenue -28.5% year-over-year).
- 2011: Revenue of $327K, expenses of $360K, and assets of $442K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ssafe Inc:
Data Sources and Methodology
This transparency report for Ssafe 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.