North Haven Foundation

Analysis

North Haven Foundation is a registered charity in United States, based in North Haven, ME. It received its IRS tax-exemption ruling in February 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, North Haven Foundation reported income of $422k and spending of $315k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $345k to $422k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Haven Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within ME. Charities of a similar size with the same main cause include Tuesday Evening Concert Series ($422k), The Hub of Hope Inc ($422k) and Simple Good ($422k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% of the total. At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m.