Haven on Broad Inc

Analysis

Haven on Broad Inc is a registered charity in United States, based in Cairo, GA. It received its IRS tax-exemption ruling in March 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Haven on Broad Inc reported income of $75k and spending of $112k, spending 149% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $71k to $75k (+5.3%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 153% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven on Broad 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 30th percentile within GA. Charities of a similar size with the same main cause include Loretta Village II Inc ($75k), Combs-Redfern Apartments Inc ($75k) and Ghent Area Ministry ($75k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.1m against liabilities of $1.6m, net assets of -$580k.

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.