Makehaven Inc

Analysis

Makehaven Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Makehaven Inc reported income of $537k and spending of $569k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $537k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Makehaven Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Family Reunion ($537k), Norfolk Library Inc ($537k) and Community Outreach and Resource for Excellence Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Other salaries and wages came to $236k. At year end it held assets of $303k against liabilities of $169k, net assets of $133k. It reported 4 employees.