Haven in Lee County Inc

Analysis

Haven in Lee County Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in May 1989, 37 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 June 2023, Haven in Lee County Inc reported income of $580k and spending of $551k, spending 95% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $375k to $580k (+55%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Haven in Lee County Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Military Police Regimental Association Inc ($580k), Association of School Business Officials International ($580k) and Cotton Boll Sheltered Workshops Inc ($579k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $45k (8.1% of expenses). Other salaries and wages came to $248k. At year end it held assets of $1.1m against liabilities of $215k, net assets of $882k. It reported 24 employees.