Significant and consistent decline in revenue over multiple years, from $126,472 in 2014 to $3,973 currently.
Substantial decrease in assets, from $56,401 in 2020 to $5,088 currently, indicating dwindling financial reserves.
Expenses frequently exceeding revenue in several periods (e.g., 2020, 2019, 2015, 2014), suggesting operational deficits.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating a commitment to directing funds towards the mission rather than executive salaries.
No reported liabilities in any of the provided filings, suggesting a debt-free financial position.
AI Transparency Report
Grace Haven Ministries exhibits a concerning trend of declining revenue and assets over the past few years, indicating potential financial instability. While the organization reported zero officer compensation across all filings, which is positive for donor confidence, its financial health has significantly deteriorated from a peak revenue of $126,472 in 2014 to just $3,973 in its latest filing. The organization's assets have also shrunk considerably from $56,401 in 2020 to $5,088 currently. This downward trajectory in financial resources raises questions about its long-term sustainability and capacity to deliver on its mission effectively. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the overall financial decline is a significant concern.