Havens Incorporated

Analysis

Havens Incorporated is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Havens Incorporated reported income of $312k and spending of $370k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $222k to $312k (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Havens Incorporated sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Roman Eagle Properties Inc ($312k), C & C Community Inc ($312k) and Los Robles Apartments Inc a Ca Nonprofit Public Benefit Corp ($312k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. At year end it held assets of $1.2m against liabilities of $1.9m, net assets of -$684k.