Havenwood RHF Housing Inc

Analysis

Havenwood RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. 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 February 2024, Havenwood RHF Housing Inc reported income of $317k and spending of $350k, spending 110% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $264k to $317k (+20%), an average of +4.7% a year. The sharpest change came in the year to February 2024, when income rose by 16%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Havenwood RHF Housing Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include American Marketing Association Inc ($317k), Life Choices Inc ($317k) and The Fenway Alliance Inc ($317k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 42% and program service revenue 50% of the total. At year end it held assets of $1.7m against liabilities of $101k, net assets of $1.6m.

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.