Haven Universe Inc

Analysis

Haven Universe Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in November 2010, 16 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 Universe Inc reported income of $169k and spending of $151k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $169k (+62%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haven Universe Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Joseph Thomas Foundation ($169k), Childrens Music Fund ($169k) and Shelby County Casa Gal Program Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $39k (26% of expenses). At year end it held assets of $71k against liabilities of $0, net assets of $71k. It reported 1 employees.