Midland Fair Havens Inc

Analysis

Midland Fair Havens Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in May 1996, 30 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 December 2023, Midland Fair Havens Inc reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+14%), an average of +3.3% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midland Fair Havens Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Adti Housing Corp ($1.3m), Onic-Hidden Cove Inc ($1.4m) and Proyecto Azteca ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $230k (17% of expenses). Other salaries and wages came to $361k. At year end it held assets of $3.7m against liabilities of $62k, net assets of $3.6m. It reported 15 employees.