Rest Haven Homes Inc

Analysis

Rest Haven Homes Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 1945, 81 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2024, Rest Haven Homes Inc reported income of $5.8m and spending of $5.7m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.2m to $5.8m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rest Haven Homes Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include International Anesthesia Research Society ($5.8m), Woodward Childrens Center Inc ($5.8m) and Deaf-Hearing Communication Center Inc ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $140k (2.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $12.3m against liabilities of $3.8m, net assets of $8.5m. It reported 140 employees.