Northaven Inc

Analysis

Northaven Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1972, 54 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northaven Inc reported income of $3.6m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.6m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northaven Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Housing America Corporation ($3.6m), Fellowship Square Foundation Incorporated ($3.6m) and Renewal Housing Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.9m against liabilities of $7.1m, net assets of -$2.2m. It reported 60 employees.