Safe Haven Ministries Inc

Analysis

Safe Haven Ministries Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1991, 35 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 June 2023, Safe Haven Ministries Inc reported income of $2.4m and spending of $3.0m, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.4m (+87%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Safe Haven Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Rescue Incorporated ($2.4m), Sheltering Tree Inc ($2.4m) and Pharr Housing Development Corporation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $109k (3.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.8m against liabilities of $207k, net assets of $5.6m. It reported 49 employees.