Haven House Bridges Inc

Analysis

Haven House Bridges Inc is a registered charity in United States, based in Brentwood, NY. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Haven House Bridges Inc reported income of $3.3m and spending of $2.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.3m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven House Bridges Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Green Manor ($3.3m), Sunrise of Pasco County Inc ($3.3m) and Town of Islip Affordable Housing Corp ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $185k (6.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.1m against liabilities of $1.5m, net assets of $1.5m. It reported 53 employees.