Heart Havens Inc

Analysis

Heart Havens Inc is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heart Havens Inc reported income of $4.4m and spending of $4.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.4m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart Havens Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Marici ($4.4m), San Juan Center for Independence Inc ($4.4m) and YMCA of Greater Scranton ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $153k (3.3% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $4.0m against liabilities of $1.3m, net assets of $2.7m. It reported 129 employees.