Haven of Hope Inc

Analysis

Haven of Hope Inc is a registered charity in United States, based in Artesia, NM. It received its IRS tax-exemption ruling in August 2020, 6 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 of Hope Inc reported income of $677k and spending of $488k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $224k to $677k (+202%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 1803%. Over the whole period it spent 17% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haven of Hope Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NM. Charities of a similar size with the same main cause include Home Trust of Ouray County ($676k), Robert H Moore Senior Home ($677k) and Independence Housing II Inc ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $81k (17% of expenses). Other salaries and wages came to $94k. At year end it held assets of $4.8m against liabilities of $4,516, net assets of $4.8m. It reported 9 employees.