Haven Homes of Detroit

Analysis

Haven Homes of Detroit is a registered charity in United States, based in Centreville, MI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Homes of Detroit reported income of $282k and spending of $121k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $189k to $282k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haven Homes of Detroit sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Apron Inc ($282k), River City Youth Foundation ($282k) and Mister Cares Foundation ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. It paid $329 in professional fundraising fees. At year end it held assets of $325k against liabilities of $0, net assets of $325k.