Haven Project Inc

Analysis

Haven Project Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. 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 December 2023, Haven Project Inc reported income of $713k and spending of $881k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $709k to $713k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Haven Project Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Middlesex Canal Association Inc ($713k), Onnie Mae Spruill Foundation Inc ($713k) and City Parks Foundation Inc ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $98k (11% of expenses). Other salaries and wages came to $461k. At year end it held assets of $950k against liabilities of $32k, net assets of $918k. It reported 11 employees.