Haft Inc

Analysis

Haft Inc is a registered charity in United States, based in New Albany, PA. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Haft Inc reported income of $323k and spending of $250k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $323k (+109%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 708%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haft Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Shelter Tech ($323k), Services for Seniors Inc ($323k) and Toddle Town Child Day Care Center Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 89% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.3m against liabilities of $1,914, net assets of $1.3m. It reported 6 employees.