Haven of Grace

Analysis

Haven of Grace is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in December 1992, 34 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, Haven of Grace reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.5m (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven of Grace sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MO. Charities of a similar size with the same main cause include Sisters Place Inc ($1.5m), Lihi Cascade Senior Housingdevelopment ($1.5m) and Aurora Housing Development Corporation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $105k (6.9% of expenses). Other salaries and wages came to $406k. At year end it held assets of $7.7m against liabilities of $103k, net assets of $7.5m. It reported 24 employees.