New Haven

Analysis

New Haven is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, New Haven reported income of $334k and spending of $290k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $334k (+107%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Haven sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within SD. Charities of a similar size with the same main cause include Assistance League of Norman Inc ($334k), Bridge House Inc ($334k) and Brave Communities ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $65k (22% of expenses). Other salaries and wages came to $169k. At year end it held assets of $199k against liabilities of $5,929, net assets of $193k. It reported 8 employees.