Havenside Corporation
EIN: 43117050 · Vineyard Haven, MA · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $839K |
| Total Expenses | $470K |
| Net Assets | $2.9M |
Is Havenside Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Havenside Corporation
Havenside Corporation (EIN: 43117050) is a nonprofit organization based in Vineyard Haven, MA, classified under NTEE code L22Z. The organization reported total revenue of $839K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Havenside Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Havenside Corporation is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $430K |
| Total Expenses | $470K |
| Surplus / Deficit | $-39,535 |
| Total Assets | $3.1M |
| Total Liabilities | $229K |
| Net Assets | $2.9M |
| Operating Margin | -9.2% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 79.5 months |
Financial Health Grade: B
In 2023, Havenside Corporation reported a deficit of $40K with expenses exceeding revenue, holds 79.5 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Havenside Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.9% | +15.9% | +7.8% |
| 2022 | -30.2% | +13.0% | -10.6% |
| 2021 | +12.9% | -6.2% | +8.8% |
| 2020 | -1.7% | +21.6% | +5.0% |
| 2019 | -2.1% | -15.9% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Havenside Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Havenside Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Frequently Asked Questions about Havenside Corporation
Is Havenside Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Havenside Corporation (EIN: 43117050) insufficient data. 0 red flags identified, 0 strengths noted.
How does Havenside Corporation spend its money?
Detailed spending breakdown data is not yet available for Havenside Corporation. Check back for updated IRS 990 analysis.
Are donations to Havenside Corporation tax-deductible?
Havenside Corporation is registered as a tax-exempt nonprofit (EIN: 43117050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Havenside Corporation located?
Havenside Corporation is headquartered in Vineyard Haven, Massachusetts and files with the IRS under EIN 43117050. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Havenside Corporation have?
Havenside Corporation 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 $839K in total revenue.
Filing History
IRS 990 filing history for Havenside Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Havenside Corporation's revenue has grown by 48%, moving from $291K to $430K. Total assets increased by 30.6% over the same period, from $2.4M to $3.1M. Total functional expenses rose by 54%, from $305K to $470K. In its most recent filing year (2023), Havenside Corporation reported a deficit of $40K, with expenses exceeding revenue. The organization holds $229K in liabilities against $3.1M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $430K | $470K | $3.1M | $229K | — | — |
| 2022 | $314K | $405K | $2.9M | $226K | — | View 990 |
| 2021 | $450K | $359K | $3.2M | $158K | — | View 990 |
| 2020 | $399K | $383K | $3.0M | $181K | — | — |
| 2019 | $406K | $315K | $2.8M | $195K | — | View 990 |
| 2018 | $414K | $374K | $2.6M | $206K | — | View 990 |
| 2017 | $405K | $388K | $2.7M | $221K | — | View 990 |
| 2016 | $422K | $371K | $2.6M | $259K | — | View 990 |
| 2015 | $297K | $366K | $2.6M | $268K | — | View 990 |
| 2014 | $384K | $334K | $2.6M | $268K | — | View 990 |
| 2013 | $468K | $318K | $2.6M | $305K | — | View 990 |
| 2012 | $412K | $334K | $2.5M | $311K | — | View 990 |
| 2011 | $291K | $305K | $2.4M | $290K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $430K, expenses of $470K, and assets of $3.1M (revenue +36.9% year-over-year).
- 2022: Revenue of $314K, expenses of $405K, and assets of $2.9M (revenue -30.2% year-over-year).
- 2021: Revenue of $450K, expenses of $359K, and assets of $3.2M (revenue +12.9% year-over-year).
- 2020: Revenue of $399K, expenses of $383K, and assets of $3.0M (revenue -1.7% year-over-year).
- 2019: Revenue of $406K, expenses of $315K, and assets of $2.8M (revenue -2.1% year-over-year).
- 2018: Revenue of $414K, expenses of $374K, and assets of $2.6M (revenue +2.3% year-over-year).
- 2017: Revenue of $405K, expenses of $388K, and assets of $2.7M (revenue -4.0% year-over-year).
- 2016: Revenue of $422K, expenses of $371K, and assets of $2.6M (revenue +41.9% year-over-year).
- 2015: Revenue of $297K, expenses of $366K, and assets of $2.6M (revenue -22.7% year-over-year).
- 2014: Revenue of $384K, expenses of $334K, and assets of $2.6M (revenue -17.8% year-over-year).
- 2013: Revenue of $468K, expenses of $318K, and assets of $2.6M (revenue +13.6% year-over-year).
- 2012: Revenue of $412K, expenses of $334K, and assets of $2.5M (revenue +41.6% year-over-year).
- 2011: Revenue of $291K, expenses of $305K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Havenside Corporation:
Data Sources and Methodology
This transparency report for Havenside Corporation 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.