Haven Ministries Inc

Analysis

Haven Ministries Inc is a registered charity in United States, based in Queenstown, MD. It received its IRS tax-exemption ruling in May 2010, 16 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 Ministries Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $1.4m (+132%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven Ministries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Community Enterprise Investments Inc ($1.4m), Operation Rapid Response Inc ($1.4m) and Housing Alliance Delaware Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $130k (10% of expenses). Other salaries and wages came to $224k. At year end it held assets of $2.8m against liabilities of $166k, net assets of $2.6m. It reported 25 employees.