Quick charity verification for The Haven Mens Shelter Inc (EIN: 205867184)
Verdict: The Haven Mens Shelter Inc appears trustworthy
90/100Mission Score
$444KRevenue
$460KAssets
1Red Flags
5Strengths
Red Flags
Fluctuating revenue and expenses in prior years, with some periods showing expenses exceeding revenue (e.g., 2020 expenses $424,213 vs. revenue $229,406).
Strengths
Significant revenue growth in the latest fiscal year ($443,741 in 2024).
Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to mission-focused spending.
Healthy surplus in the latest fiscal year ($443,741 revenue vs. $284,554 expenses).
Growing asset base, reaching $459,996 in 2024.
Reduced liabilities in the latest period ($136,341 in 2024 from a high of $303,143 in 2022).
Spending Breakdown
How The Haven Mens Shelter 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
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 The Haven Mens Shelter Inc
Is The Haven Mens Shelter Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Haven Mens Shelter Inc (EIN: 205867184) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is The Haven Mens Shelter Inc a good charity to donate to?
The Haven Mens Shelter Inc has a Mission Score of 90/100. Revenue: $444K. Assets: $460K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Haven Mens Shelter Inc?
The Employer Identification Number (EIN) for The Haven Mens Shelter Inc is 205867184. 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 The Haven Mens Shelter Inc spend its money?
The Haven Mens Shelter Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Haven Mens Shelter Inc's tax-exempt status?
You can verify The Haven Mens Shelter Inc's tax-exempt status using EIN 205867184 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
The Haven Mens Shelter Inc demonstrates a generally stable financial position with a notable increase in revenue in the latest filing period. In 2024, the organization reported revenue of $443,741 against expenses of $284,554, resulting in a significant surplus. This marks a substantial improvement from previous years, where revenue fluctuated and expenses sometimes exceeded income, such as in 2020 when expenses were $424,213 against revenue of $229,406. The organization's assets have also shown growth, reaching $459,996 in 2024, indicating a strengthening balance sheet. Liabilities have seen some fluctuation, peaking at $303,143 in 2022 but decreasing to $136,341 in 2024, which is a positive trend.
Spending efficiency appears to be strong, particularly in the latest period, with expenses significantly lower than revenue. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health suggests effective management of resources. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven leadership model.
Overall, The Haven Mens Shelter Inc appears to be a financially sound organization, especially in its most recent fiscal year. The consistent lack of officer compensation, coupled with a healthy surplus and growing assets, points to a well-managed and transparent operation focused on its mission. The organization's ability to significantly increase revenue while controlling expenses in 2024 is a positive sign for its long-term sustainability and impact.