New Haven Home Inc

Analysis

New Haven Home Inc is a registered charity in United States, based in Mineral Wells, TX. It received its IRS tax-exemption ruling in April 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 December 2023, New Haven Home Inc reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Haven Home Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Boy Scouts of America ($1.7m), CLC Ministries International ($1.7m) and Society for Art in Crafts ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $70k. It paid $8,855 in professional fundraising fees. At year end it held assets of $357k against liabilities of $48k, net assets of $310k. It reported 9 employees.