Our Ladys Haven of Fairhaven Inc

Analysis

Our Ladys Haven of Fairhaven Inc is a registered charity in United States, based in Fairhaven, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Ladys Haven of Fairhaven Inc reported income of $9.4m and spending of $9.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.2m to $9.4m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Ladys Haven of Fairhaven Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Community Mediation Services Inc ($9.4m), Jewish Community FND of the Jewish Federation Council of Greater LA ($9.4m) and St George Episcopal Day School Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $2.2m against liabilities of $2.8m, net assets of -$663k. It reported 135 employees.