Haven Hubbard Homes Inc

Analysis

Haven Hubbard Homes Inc is a registered charity in United States, based in New Carlisle, IN. It received its IRS tax-exemption ruling in August 1943, 83 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Haven Hubbard Homes Inc reported income of $11.9m and spending of $13.6m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $11.9m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven Hubbard Homes Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Associated Blind Housing Development Fund Inc ($11.9m), 2life Development Inc ($11.9m) and Rochester Management Inc ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $12.8m against liabilities of $17.4m, net assets of -$4.6m. It reported 140 employees.

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.