Haven of Rest Ministries Inc

Analysis

Haven of Rest Ministries Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in February 1962, 64 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 September 2023, Haven of Rest Ministries Inc reported income of $4.5m and spending of $4.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.6m to $4.5m (-3.0%), an average of -0.8% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven of Rest Ministries 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 94th percentile within SC. Charities of a similar size with the same main cause include 1650 BLHC Services Corp ($4.5m), A Better Way Ministries Inc ($4.5m) and Coalition for a Better Acre Inc ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $91k (2.1% of expenses). Other salaries and wages came to $922k. At year end it held assets of $3.4m against liabilities of $162k, net assets of $3.2m. It reported 105 employees.