Fairhaven Ministries Inc

Analysis

Fairhaven Ministries Inc is a registered charity in United States, based in Roan Mountain, TN. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Fairhaven Ministries Inc reported income of $341k and spending of $361k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $297k to $341k (+15%), an average of +3.5% a year. The sharpest change came in the year to September 2023, when income dropped by 26%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fairhaven Ministries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include O Dell Ministries Inc ($341k), Mountain Movers Ministry Inc ($341k) and Legacy Ministries ($341k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $72k (20% of expenses). Other salaries and wages came to $118k. At year end it held assets of $801k against liabilities of $1,790, net assets of $799k. It reported 8 employees.