Haven of Transylvania County

Analysis

Haven of Transylvania County is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in December 2009, 17 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, Haven of Transylvania County reported income of $499k and spending of $385k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $499k (+310%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 253%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haven of Transylvania County sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Tulia Community Nursery Association Inc ($499k), DFRC Inc ($499k) and Jacobs Ladder Learning Center ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (15% of expenses). Other salaries and wages came to $171k. At year end it held assets of $946k against liabilities of $7,890, net assets of $938k. It reported 14 employees.