Is Haven House Bridges Inc Legit?

Strengths

Consistent revenue exceeding expenses in recent years, indicating financial stability (e.g., 2023: Revenue $3,274,715 vs. Expenses $2,680,397).
Significant growth in net assets, from $1,186,555 in 2020 to $3,083,955 in 2023, enhancing long-term capacity.
No reported officer compensation across all 13 filings, suggesting a strong commitment to directing funds towards the mission.
Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and compliance.

Spending Breakdown

How Haven House Bridges Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Haven House Bridges Inc

Is Haven House Bridges Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Haven House Bridges Inc (EIN: 113084088) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Haven House Bridges Inc a good charity to donate to?

Haven House Bridges Inc has a Mission Score of 85/100. Revenue: $3.3M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Haven House Bridges Inc?

The Employer Identification Number (EIN) for Haven House Bridges Inc is 113084088. 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 Haven House Bridges Inc spend its money?

Haven House Bridges Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Haven House Bridges Inc's tax-exempt status?

You can verify Haven House Bridges Inc's tax-exempt status using EIN 113084088 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

Haven House Bridges Inc demonstrates generally stable financial health, with revenues consistently exceeding expenses in recent years, leading to growth in net assets. For example, in 2023, revenue was $3,274,715 against expenses of $2,680,397, resulting in a surplus. This trend is positive, especially compared to earlier periods like 2014-2016 where expenses sometimes outpaced revenue. The organization's assets have shown a healthy upward trend, from $1,186,555 in 2020 to $3,083,955 in 2023, indicating growing financial capacity. 

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent surpluses suggest effective management of overall expenditures relative to income. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a high proportion of resources directed towards its mission rather than executive salaries. 

Transparency appears to be strong given the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive historical financial record. The consistent reporting of zero officer compensation is a clear and transparent disclosure. However, a more detailed functional expense breakdown within the 990s would further enhance transparency regarding how funds are allocated across different activities.

Verdict: Haven House Bridges Inc appears trustworthy

Red Flags