Haven Academy of the Arts

Analysis

Haven Academy of the Arts is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Haven Academy of the Arts reported income of $733k and spending of $678k, spending 93% of its income. Across the 5 years on record, from August 2019 to July 2023, income grew from $470k to $733k (+56%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 69%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Haven Academy of the Arts sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Potato Museum Inc ($732k), BSA Foundation ($733k) and Denyce Graves Foundation Inc ($732k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $107k (16% of expenses). Other salaries and wages came to $206k. At year end it held assets of $422k against liabilities of $12k, net assets of $410k. It reported 24 employees.