Faith Haven Inc

Analysis

Faith Haven Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in April 1976, 50 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 September 2023, Faith Haven Inc reported income of $1.2m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.2m (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2022, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faith Haven Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within MS. Charities of a similar size with the same main cause include Christian Communications Inc of U S a ($1.2m), Young Mens Christian Association of Tuscaloosa County Alabama Inc ($1.2m) and Citizens for Modern Transit ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $78k (6.9% of expenses). Other salaries and wages came to $617k. At year end it held assets of $1.7m against liabilities of $38k, net assets of $1.6m. It reported 24 employees.