Haven of Hope

Analysis

Haven of Hope is a registered charity in United States, based in Cambridge, OH. It received its IRS tax-exemption ruling in July 1986, 40 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 Hope reported income of $795k and spending of $702k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $795k (+45%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haven of Hope sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Smoky Hill Child Care Foundation ($795k), Rebalanced Life Wellness Association Inc ($796k) and Veterans Education Training & Support Inc ($795k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $118k (17% of expenses). Other salaries and wages came to $378k. At year end it held assets of $1.2m against liabilities of $533k, net assets of $681k. It reported 6 employees.