Haven of Rest Ministries Endowment Foundation

Analysis

Haven of Rest Ministries Endowment Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Haven of Rest Ministries Endowment Foundation reported income of $1.6m and spending of $549k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $607k to $1.6m (+164%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 195%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Haven of Rest Ministries Endowment Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include United Way of the Brazos Valley Inc ($1.6m), National Christian Charitable Foundation Inc ($1.6m) and Good Projects ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $12.5m against liabilities of $87k, net assets of $12.5m.