Chapel Haven Endowment Inc

Analysis

Chapel Haven Endowment Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chapel Haven Endowment Inc reported income of $3.0m and spending of $603k, leaving 80% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.2m to $3.0m (-68%), an average of -25% a year. The sharpest change came in the year to June 2023, when income rose by 4721%. Over the whole period it spent 166% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chapel Haven Endowment Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Wind River Ministries Inc ($3.0m), Gospel Ministries International Inc ($3.0m) and A Door of Hope ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $14.9m against liabilities of $4.3m, net assets of $10.6m.