Quick charity verification for Hav Life (EIN: 202614547)
Verdict: Hav Life appears trustworthy
88/100Mission Score
$162KRevenue
$172KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent reporting of 0% officer compensation, indicating strong dedication to mission.
No reported liabilities across all available filings, demonstrating excellent financial solvency.
Positive trend in net assets, growing from $66,658 in 2020 to $180,857 in 2022.
Consistent filing of IRS Form 990s over 12 periods, indicating strong transparency and compliance.
Recent financial periods (2021, 2022) show healthy surpluses, improving financial stability.
Spending Breakdown
How Hav Life allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Hav Life
Is Hav Life a legitimate charity?
Based on AI analysis of IRS 990 filings, Hav Life (EIN: 202614547) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
Is Hav Life a good charity to donate to?
Hav Life has a Mission Score of 88/100. Revenue: $162K. Assets: $172K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hav Life?
The Employer Identification Number (EIN) for Hav Life is 202614547. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Hav Life spend its money?
Hav Life allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hav Life's tax-exempt status?
You can verify Hav Life's tax-exempt status using EIN 202614547 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Hav Life demonstrates consistent financial activity, with revenues fluctuating but generally in the range of $150,000 to $200,000 in recent years. The organization has maintained a healthy asset base, reaching $180,857 in 2022, with no reported liabilities across all available filings, indicating strong financial solvency. Their operational efficiency appears to be improving, as evidenced by the 2022 period where expenses ($125,706) were significantly lower than revenue ($166,685), leading to a surplus. This contrasts with earlier periods like 2020 and 2018 where expenses exceeded revenue, suggesting a recent positive trend in financial management.
The organization's transparency is commendable, particularly with the consistent reporting of 0% officer compensation across all filings. This indicates that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. The consistent filing of IRS Form 990s over 12 periods further reinforces their commitment to public accountability and transparency.
While specific program spending ratios are not provided in the raw data, the overall financial health, characterized by growing assets, no liabilities, and recent surpluses, suggests a well-managed organization. The absence of officer compensation is a significant strength in terms of demonstrating a commitment to directing funds towards the mission rather than administrative overhead.