Fair Haven West Inc

Analysis

Fair Haven West Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in May 2004, 22 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, Fair Haven West Inc reported income of $163k and spending of $204k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $163k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fair Haven West Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Webb Park Inc ($162k), Pauahi Elderly Inc ($163k) and Homestead Corporation Champaign - Urbana ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 67% of the total. At year end it held assets of $1.8m against liabilities of $55k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.