Havar Inc

Analysis

Havar Inc is a registered charity in United States, based in Athens, OH. It received its IRS tax-exemption ruling in February 1974, 52 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 June 2024, Havar Inc reported income of $4.9m and spending of $5.5m, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.0m to $4.9m (+24%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Havar Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Georgia Mountains Young Mens Christian Association Inc ($4.9m), Hawaii Good Food Alliance ($4.9m) and Marys Mission Development Ctr ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $132k (2.4% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $1.7m against liabilities of $491k, net assets of $1.3m. It reported 183 employees.