Hannahs Haven Inc
Hannahs Haven Inc shows consistent growth and zero reported officer compensation, with a recent increase in liabilities.
EIN: 200646135 · Browns Summit, NC · NTEE: F192 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $578K |
| Total Expenses | $478K |
| Program Spending | 85% |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Hannahs Haven Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hannahs Haven Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hannahs Haven Inc
Hannahs Haven Inc (EIN: 200646135) is a nonprofit organization based in Browns Summit, NC, classified under NTEE code F192. The organization reported total revenue of $578K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hannahs Haven Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hannahs Haven Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $755K |
| Total Expenses | $478K |
| Surplus / Deficit | +$277K |
| Total Assets | $1.0M |
| Total Liabilities | $2K |
| Net Assets | $1.0M |
| Operating Margin | 36.7% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 26.0 months |
Financial Health Grade: A
In 2022, Hannahs Haven Inc reported a surplus of $277K with revenue exceeding expenses, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Hannahs Haven Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +36.7% | +6.7% | +36.0% |
| 2021 | +14.6% | +15.2% | +14.0% |
| 2020 | +11.0% | +0.9% | +19.7% |
| 2019 | +5.8% | +13.0% | +9.7% |
| 2018 | -0.3% | +33.7% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Hannahs Haven Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hannahs Haven Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $277K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Hannahs Haven Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees. This is a strong positive indicator for directing resources 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 Hannahs Haven Inc's IRS 990 filings:
- Significant increase in liabilities in 2022 to $2,153 from minimal or zero in prior years, warranting further investigation.
Strengths
The following positive indicators were identified for Hannahs Haven Inc:
- Consistent revenue growth over the past decade, from $143,766 in 2013 to $755,216 in 2022.
- Strong asset accumulation, growing from $60,794 in 2013 to $1,036,053 in 2022.
- Reported 0% officer compensation across all available filings, indicating high dedication of resources to mission.
- Expenses consistently lower than revenue, demonstrating financial prudence and sustainability.
Frequently Asked Questions about Hannahs Haven Inc
Is Hannahs Haven Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hannahs Haven Inc (EIN: 200646135) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Hannahs Haven Inc spend its money?
Hannahs Haven Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hannahs Haven Inc tax-deductible?
Hannahs Haven Inc is registered as a tax-exempt nonprofit (EIN: 200646135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hannahs Haven Inc's spending goes to programs?
Hannahs Haven Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hannahs Haven Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hannahs Haven Inc is above average for NTEE category F192 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hannahs Haven Inc located?
Hannahs Haven Inc is headquartered in Browns Summit, North Carolina and files with the IRS under EIN 200646135. It is classified under NTEE code F192.
How many years of IRS 990 filings does Hannahs Haven Inc have?
Hannahs Haven Inc has 12 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 $578K in total revenue.
Is Hannahs Haven Inc a good charity?
Based on the provided data, Hannahs Haven Inc appears to be a good charity. It demonstrates consistent revenue growth, strong asset accumulation, and a notable commitment to its mission by reporting 0% officer compensation across all filings. Its financial health and growth trajectory are positive indicators.
What caused the significant increase in liabilities in 2022?
The provided data shows liabilities increased from $5,003 in 2021 to $2,153 in 2022. Without access to the full IRS 990 form, the specific cause of this increase cannot be determined. It could be due to various factors such as new program-related debt, deferred revenue, or accounts payable.
How does Hannahs Haven Inc fund its operations without officer compensation?
The data indicates that Hannahs Haven Inc reports 0% officer compensation. This suggests that its leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990, allowing more funds to be allocated directly to programs and operations.
Filing History
IRS 990 filing history for Hannahs Haven Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Hannahs Haven Inc's revenue has grown by 475.6%, moving from $131K to $755K. Total assets increased by 1662% over the same period, from $59K to $1.0M. Total functional expenses rose by 264.6%, from $131K to $478K. In its most recent filing year (2022), Hannahs Haven Inc reported a surplus of $277K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $755K | $478K | $1.0M | $2K | — | View 990 |
| 2021 | $552K | $448K | $762K | $5K | — | View 990 |
| 2020 | $482K | $389K | $668K | $16K | — | View 990 |
| 2019 | $434K | $385K | $558K | $0 | — | View 990 |
| 2018 | $411K | $341K | $509K | $0 | — | View 990 |
| 2017 | $412K | $255K | $439K | $0 | — | View 990 |
| 2016 | $288K | $189K | $287K | $4K | — | View 990 |
| 2015 | $198K | $161K | $112K | $0 | — | View 990 |
| 2014 | $164K | $150K | $75K | $0 | — | View 990 |
| 2013 | $144K | $129K | $61K | $0 | — | View 990 |
| 2012 | $128K | $141K | $46K | $0 | — | View 990 |
| 2011 | $131K | $131K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $755K, expenses of $478K, and assets of $1.0M (revenue +36.7% year-over-year).
- 2021: Revenue of $552K, expenses of $448K, and assets of $762K (revenue +14.6% year-over-year).
- 2020: Revenue of $482K, expenses of $389K, and assets of $668K (revenue +11.0% year-over-year).
- 2019: Revenue of $434K, expenses of $385K, and assets of $558K (revenue +5.8% year-over-year).
- 2018: Revenue of $411K, expenses of $341K, and assets of $509K (revenue -0.3% year-over-year).
- 2017: Revenue of $412K, expenses of $255K, and assets of $439K (revenue +43.0% year-over-year).
- 2016: Revenue of $288K, expenses of $189K, and assets of $287K (revenue +45.3% year-over-year).
- 2015: Revenue of $198K, expenses of $161K, and assets of $112K (revenue +20.7% year-over-year).
- 2014: Revenue of $164K, expenses of $150K, and assets of $75K (revenue +14.3% year-over-year).
- 2013: Revenue of $144K, expenses of $129K, and assets of $61K (revenue +12.2% year-over-year).
- 2012: Revenue of $128K, expenses of $141K, and assets of $46K (revenue -2.3% year-over-year).
- 2011: Revenue of $131K, expenses of $131K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hannahs Haven Inc:
Data Sources and Methodology
This transparency report for Hannahs 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.