Haven House of Montrose Inc

Analysis

Haven House of Montrose Inc is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in September 2011, 15 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 House of Montrose Inc reported income of $1.2m and spending of $651k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $1.2m (+204%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven House of Montrose Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Will County Housing Developmentcorporation NFP ($1.2m), Arizona Housing Development Corporation ($1.2m) and Second Farms Neighborhood Housing Development Fund Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $91k (14% of expenses). Other salaries and wages came to $258k. At year end it held assets of $2.1m against liabilities of $23k, net assets of $2.1m. It reported 10 employees.