Haven Homes Inc

Analysis

Haven Homes Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in July 1965, 61 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 December 2023, Haven Homes Inc reported income of $15.2m and spending of $14.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $15.2m (+161%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Haven Homes Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Counseling Associates Inc ($15.2m), Child Mind Institute Inc ($15.2m) and Asian and Pacific Islander Wellness Center Inc ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $39.7m against liabilities of $40.6m, net assets of -$883k. It reported 307 employees.