Resthaven

Analysis

Resthaven is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in September 1948, 78 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 December 2023, Resthaven reported income of $30.9m and spending of $27.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.9m to $30.9m (+35%), an average of +7.7% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Resthaven sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Lutheran Social Service of Colorado ($30.9m), Spectrum Healthcare Group Inc ($30.9m) and Potential Energy Coalition Inc ($30.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $533k (2.0% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $94.9m against liabilities of $64.6m, net assets of $30.3m. It reported 776 employees.