Mary Haven Center of Hope

Analysis

Mary Haven Center of Hope is a registered charity in United States, based in Manorville, NY. It received its IRS tax-exemption ruling in May 2022, 4 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, Mary Haven Center of Hope reported income of $65.4m and spending of $65.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $70.4m to $65.4m (-7.0%), an average of -1.8% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Haven Center of Hope sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Sioux Center Health ($65.1m), Adventist Glenoaks Hospital ($65.4m) and Cardinal Glennon Childrens Foundation ($65.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $884k (1.4% of expenses). Other salaries and wages came to $34.4m. At year end it held assets of $46.6m against liabilities of $26.8m, net assets of $19.8m. It reported 844 employees.