Haven House

Analysis

Haven House is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in December 1982, 44 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Haven House reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.5m (+47%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven House sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Indochinese Housing Development Corporation ($1.5m), Delaware Rental Preservation Corporation ($1.5m) and Community of Hope ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $98k (6.4% of expenses). Other salaries and wages came to $404k. At year end it held assets of $1.7m against liabilities of $133k, net assets of $1.6m. It reported 18 employees.