Havenly

Analysis

Havenly is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Havenly reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $320k to $1.1m (+252%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Havenly sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include South Central Ozark Council of Governments ($1.1m), Pleasantview ($1.1m) and Cherry Hill Development Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $659k. At year end it held assets of $399k against liabilities of $285k, net assets of $113k. It reported 67 employees.