Fair Haven Inc
Fair Haven Inc. shows recent financial growth and zero reported officer compensation amidst historical revenue fluctuations.
EIN: 203710770 · Highland, IN · NTEE: P42 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $963K |
| Program Spending | 80% |
| Net Assets | $67K |
| Transparency Score | 85/100 |
Is Fair Haven Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fair Haven Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fair Haven Inc
Fair Haven Inc (EIN: 203710770) is a nonprofit organization based in Highland, IN, classified under NTEE code P42. The organization reported total revenue of $1.6M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fair Haven Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fair Haven Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $963K |
| Surplus / Deficit | +$122K |
| Total Assets | $150K |
| Total Liabilities | $83K |
| Net Assets | $67K |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 55.1% |
| Months of Reserves | 1.9 months |
Financial Health Grade: B
In 2023, Fair Haven Inc reported a surplus of $122K with revenue exceeding expenses, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 55.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fair Haven Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.1% | +11.3% | +102.8% |
| 2022 | +32.4% | +45.6% | +2.4% |
| 2021 | -17.0% | +2.9% | -42.9% |
| 2020 | +35.8% | +5.9% | +624.1% |
| 2019 | -21.3% | -11.7% | -74.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fair Haven Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fair Haven Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $122K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.1%.
Executive Compensation Analysis
Fair Haven Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is a highly positive sign for donor confidence, as it suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to be directed towards the organization's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Fair Haven Inc's IRS 990 filings:
- Historical periods of expenses exceeding revenue (e.g., 202207, 202107, 201907, 201707, 201512, 201412) indicate past financial challenges.
Strengths
The following positive indicators were identified for Fair Haven Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds at the executive level.
- Significant growth in revenue and assets over the past decade, with the latest revenue at $1,551,300 and assets at $1,008,957.
- Positive financial margin in the most recent filing (202307), with revenues exceeding expenses.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and accountability.
Frequently Asked Questions about Fair Haven Inc
Is Fair Haven Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fair Haven Inc (EIN: 203710770) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Fair Haven Inc spend its money?
Fair Haven Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fair Haven Inc tax-deductible?
Fair Haven Inc is registered as a tax-exempt nonprofit (EIN: 203710770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fair Haven Inc's spending goes to programs?
Fair Haven Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fair Haven Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fair Haven Inc is above average for NTEE category P42 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fair Haven Inc located?
Fair Haven Inc is headquartered in Highland, Indiana and files with the IRS under EIN 203710770. It is classified under NTEE code P42.
How many years of IRS 990 filings does Fair Haven Inc have?
Fair Haven Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
Is Fair Haven Inc. financially stable?
Fair Haven Inc. has shown improved financial stability in its latest filing (202307) with revenues exceeding expenses ($1,084,944 vs. $962,674), and a significant increase in assets to $150,095. While there have been periods of deficit in prior years, the recent trend is positive.
How does Fair Haven Inc. manage executive compensation?
Fair Haven Inc. reports 0% officer compensation in all available IRS 990 filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries.
Has Fair Haven Inc.'s revenue been growing?
Yes, Fair Haven Inc. has experienced substantial revenue growth, from $111,351 in 201412 to $1,084,944 in 202307, with the latest reported revenue at $1,551,300, demonstrating a significant upward trend.
Filing History
IRS 990 filing history for Fair Haven Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fair Haven Inc's revenue has grown by 1762.1%, moving from $58K to $1.1M. Total assets increased by 4080.9% over the same period, from $4K to $150K. Total functional expenses rose by 1629.6%, from $56K to $963K. In its most recent filing year (2023), Fair Haven Inc reported a surplus of $122K, with revenue exceeding expenses. The organization holds $83K in liabilities against $150K in assets (debt-to-asset ratio: 55.1%), resulting in net assets of $67K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $963K | $150K | $83K | — | — |
| 2022 | $763K | $865K | $74K | $131K | — | View 990 |
| 2021 | $577K | $594K | $72K | $32K | — | View 990 |
| 2020 | $695K | $577K | $127K | $71K | — | View 990 |
| 2019 | $512K | $545K | $17K | $79K | — | View 990 |
| 2018 | $651K | $617K | $68K | $95K | — | — |
| 2017 | $424K | $494K | $16K | $75K | — | View 990 |
| 2016 | $173K | $157K | $21K | $14K | — | View 990 |
| 2015 | $162K | $171K | $4K | $16K | — | View 990 |
| 2014 | $111K | $116K | $7K | $10K | — | View 990 |
| 2013 | $88K | $89K | $11K | $0 | — | View 990 |
| 2012 | $57K | $53K | $12K | $0 | — | View 990 |
| 2011 | $58K | $56K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $963K, and assets of $150K (revenue +42.1% year-over-year).
- 2022: Revenue of $763K, expenses of $865K, and assets of $74K (revenue +32.4% year-over-year).
- 2021: Revenue of $577K, expenses of $594K, and assets of $72K (revenue -17.0% year-over-year).
- 2020: Revenue of $695K, expenses of $577K, and assets of $127K (revenue +35.8% year-over-year).
- 2019: Revenue of $512K, expenses of $545K, and assets of $17K (revenue -21.3% year-over-year).
- 2018: Revenue of $651K, expenses of $617K, and assets of $68K (revenue +53.6% year-over-year).
- 2017: Revenue of $424K, expenses of $494K, and assets of $16K (revenue +145.4% year-over-year).
- 2016: Revenue of $173K, expenses of $157K, and assets of $21K (revenue +6.6% year-over-year).
- 2015: Revenue of $162K, expenses of $171K, and assets of $4K (revenue +45.5% year-over-year).
- 2014: Revenue of $111K, expenses of $116K, and assets of $7K (revenue +27.2% year-over-year).
- 2013: Revenue of $88K, expenses of $89K, and assets of $11K (revenue +52.9% year-over-year).
- 2012: Revenue of $57K, expenses of $53K, and assets of $12K (revenue -1.7% year-over-year).
- 2011: Revenue of $58K, expenses of $56K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fair Haven Inc:
Data Sources and Methodology
This transparency report for Fair Haven Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.