Haven of Hope Farm & Residence Inc

Analysis

Haven of Hope Farm & Residence Inc is a registered charity in United States, based in Fonda, NY. It received its IRS tax-exemption ruling in September 2012, 14 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 December 2023, Haven of Hope Farm & Residence Inc reported income of $75k and spending of $259k, spending 344% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $75k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 188% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven of Hope Farm & Residence Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Combs-Redfern Apartments Inc ($75k), Pioneer Abodes Ltd ($75k) and Haven on Broad Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $394k against liabilities of $102k, net assets of $292k. It reported 10 employees.