Haven Charitable Foundation Inc
Haven Charitable Foundation Inc experiences significant decline in revenue and assets over the last decade.
EIN: 208090568 · Scottsdale, AZ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $199K |
| Total Expenses | $53K |
| Program Spending | 70% |
| Net Assets | $336K |
| Transparency Score | 55/100 |
Is Haven Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haven Charitable Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Haven Charitable Foundation Inc
Haven Charitable Foundation Inc (EIN: 208090568) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T22. The organization reported total revenue of $199K and total assets of $329K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haven Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haven Charitable Foundation Inc is a small nonprofit that has been operating for 16 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $53K |
| Surplus / Deficit | $-33,699 |
| Total Assets | $346K |
| Total Liabilities | $10K |
| Net Assets | $336K |
| Operating Margin | -173.7% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 78.3 months |
Financial Health Grade: B
In 2023, Haven Charitable Foundation Inc reported a deficit of $34K with expenses exceeding revenue, holds 78.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Haven Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.0% | -43.7% | -8.9% |
| 2022 | +11.7% | +11.9% | -8.3% |
| 2021 | +15.0% | -38.1% | -9.2% |
| 2020 | -18.5% | -22.3% | -26.9% |
| 2019 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Haven Charitable Foundation Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Haven Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that officers are not paid, which is a positive for minimizing administrative costs relative to the organization's declining size.
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 Haven Charitable Foundation Inc's IRS 990 filings:
- Consistent and significant decline in revenue over the past decade (from $499,575 in 2013 to $19,406 in 2023).
- Expenses consistently exceed revenue in recent years, indicating an unsustainable operational model reliant on asset depletion.
- Substantial decrease in total assets (from $1,644,383 in 2013 to $346,381 in 2023), signaling a shrinking financial base.
Strengths
The following positive indicators were identified for Haven Charitable Foundation Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and potentially lower administrative overhead.
- Long filing history (11 filings) suggests a commitment to compliance and transparency in reporting.
Frequently Asked Questions about Haven Charitable Foundation Inc
Is Haven Charitable Foundation Inc a legitimate charity?
Haven Charitable Foundation Inc (EIN: 208090568) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 55/100. It has 11 years of IRS 990 filings on record. Total revenue: $199K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Haven Charitable Foundation Inc spend its money?
Haven Charitable Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Haven Charitable Foundation Inc tax-deductible?
Haven Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208090568). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Haven Charitable Foundation Inc's spending goes to programs?
Haven Charitable Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Haven Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Haven Charitable Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haven Charitable Foundation Inc located?
Haven Charitable Foundation Inc is headquartered in Scottsdale, Arizona and files with the IRS under EIN 208090568. It is classified under NTEE code T22.
How many years of IRS 990 filings does Haven Charitable Foundation Inc have?
Haven Charitable Foundation Inc has 11 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 $199K in total revenue.
What caused the drastic decline in revenue and assets since 2013?
The provided data shows a consistent downward trend in both revenue and assets, from $499,575 in revenue and $1,644,383 in assets in 2013 to $19,406 in revenue and $346,381 in assets in 2023. The specific reasons for this decline are not detailed in the summary data but warrant further investigation into changes in funding sources, program activities, or operational strategy.
How does the organization cover its expenses when revenue is consistently lower?
In recent years, the organization's expenses have consistently exceeded its revenue (e.g., $53,105 expenses vs. $19,406 revenue in 2023). This suggests the organization is drawing down its existing assets to cover operational costs, which is unsustainable in the long term and has contributed to the significant decrease in total assets.
What are the specific program activities and their impact given the reduced financial scale?
With a substantial reduction in revenue and assets, it's important to understand how the organization's program activities have adapted. The summary data does not provide details on program spending or impact, making it difficult to assess the effectiveness of its mission delivery at its current financial scale.
Filing History
IRS 990 filing history for Haven Charitable Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Haven Charitable Foundation Inc's revenue has declined by 87.9%, moving from $160K to $19K. Total assets decreased by 76.9% over the same period, from $1.5M to $346K. Total functional expenses fell by 83.3%, from $319K to $53K. In its most recent filing year (2023), Haven Charitable Foundation Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $10K in liabilities against $346K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $336K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $53K | $346K | $10K | — | View 990 |
| 2022 | $50K | $94K | $380K | $10K | — | View 990 |
| 2021 | $45K | $84K | $414K | $1 | — | View 990 |
| 2020 | $39K | $136K | $456K | $2K | — | View 990 |
| 2019 | $48K | $175K | $625K | $2K | — | View 990 |
| 2018 | $48K | $175K | $625K | $2K | — | View 990 |
| 2015 | $128K | $362K | $1.2M | $3K | — | View 990 |
| 2014 | $90K | $275K | $1.5M | $8K | — | View 990 |
| 2013 | $500K | $478K | $1.6M | $12K | — | View 990 |
| 2012 | $303K | $186K | $1.6M | $3K | — | View 990 |
| 2011 | $160K | $319K | $1.5M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $53K, and assets of $346K (revenue -61.0% year-over-year).
- 2022: Revenue of $50K, expenses of $94K, and assets of $380K (revenue +11.7% year-over-year).
- 2021: Revenue of $45K, expenses of $84K, and assets of $414K (revenue +15.0% year-over-year).
- 2020: Revenue of $39K, expenses of $136K, and assets of $456K (revenue -18.5% year-over-year).
- 2019: Revenue of $48K, expenses of $175K, and assets of $625K (revenue +0.0% year-over-year).
- 2018: Revenue of $48K, expenses of $175K, and assets of $625K (revenue -62.8% year-over-year).
- 2015: Revenue of $128K, expenses of $362K, and assets of $1.2M (revenue +41.3% year-over-year).
- 2014: Revenue of $90K, expenses of $275K, and assets of $1.5M (revenue -81.9% year-over-year).
- 2013: Revenue of $500K, expenses of $478K, and assets of $1.6M (revenue +65.1% year-over-year).
- 2012: Revenue of $303K, expenses of $186K, and assets of $1.6M (revenue +89.4% year-over-year).
- 2011: Revenue of $160K, expenses of $319K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haven Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Haven Charitable Foundation 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.