Haven on Broad South Inc

Analysis

Haven on Broad South Inc is a registered charity in United States, based in Cairo, GA. It received its IRS tax-exemption ruling in May 2023, 3 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 South Inc reported income of $72k and spending of $115k, spending 160% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $65k to $72k (+10%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 171% 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 South Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within GA. Charities of a similar size with the same main cause include Central Mississippi Assisted Living Home ($72k), Abilities at Eagles Nest Inc ($72k) and Greater Syracuse Tenants Network ($72k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$390k.

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.