Haven Peniel Development Corporation

Analysis

Haven Peniel Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2005, 21 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 Peniel Development Corporation reported income of $537k and spending of $770k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $537k (+0.7%), an average of +0.2% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven Peniel Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Assisi Homes of Gurnee Inc ($536k), Corner House Housing Development Fund Corporation ($537k) and Greenbean Ventures ($536k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $112k. At year end it held assets of $6.2m against liabilities of $8.6m, net assets of -$2.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.