Haven for Heroes

Analysis

Haven for Heroes is a registered charity in United States, based in Anoka, MN. It received its IRS tax-exemption ruling in July 2019, 7 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, Haven for Heroes reported income of $283k and spending of $77k, leaving 73% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $107k to $283k (+165%), an average of +22% a year. The sharpest change came in the year to December 2019, when income rose by 354%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven for Heroes sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Melrose Affordable Housing Corp ($283k), Milligan Housing for the Elderly & Handicapped of Elizabethton Tennes ($283k) and Home for Good of Eau Claire Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.