Ferriday Haven Inc

Analysis

Ferriday Haven Inc is a registered charity in United States, based in Ferriday, LA. It received its IRS tax-exemption ruling in November 2007, 19 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 September 2023, Ferriday Haven Inc reported income of $75k and spending of $137k, spending 184% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $82k to $75k (-9.4%), an average of -3.3% a year. Over the whole period it spent 180% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ferriday Haven Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within LA. Charities of a similar size with the same main cause include Fairview Terrace Apartments Inc ($75k), Wesley House Inc ($75k) and New Visions Housing Corporation ($75k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.1m against liabilities of $54k, net assets of $1.0m. It reported 2 employees.

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.