Rachels Haven Inc
Rachels Haven Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 202236485 · Pound, VA · NTEE: F33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $979K |
| Transparency Score | 92/100 |
Is Rachels Haven Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rachels Haven Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rachels Haven Inc
Rachels Haven Inc (EIN: 202236485) is a nonprofit organization based in Pound, VA, classified under NTEE code F33. The organization reported total revenue of $2.3M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rachels Haven Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rachels 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 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$156K |
| Total Assets | $979K |
| Total Liabilities | $18 |
| Net Assets | $979K |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2023, Rachels Haven Inc reported a surplus of $156K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rachels Haven Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.6% | +8.0% | +16.1% |
| 2022 | +14.5% | +10.2% | +37.1% |
| 2021 | +5.7% | +3.2% | +26.3% |
| 2020 | +2.3% | +2.1% | +29.5% |
| 2019 | -9.0% | -10.2% | +25.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Rachels Haven Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Rachels Haven Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $156K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Rachels Haven Inc has consistently reported 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with over $2 million in annual revenue and suggests a strong dedication to mission over executive pay.
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 Rachels Haven Inc's IRS 990 filings:
- Lack of detailed breakdown for administrative and fundraising expenses in provided data, making precise efficiency calculations difficult without full 990 forms.
Strengths
The following positive indicators were identified for Rachels Haven Inc:
- Consistent revenue growth, nearly doubling over a decade from $1.2M to $2.1M.
- Strong asset accumulation, reaching $978,698 in 2023, indicating financial stability.
- Extremely low liabilities, demonstrating excellent financial management and solvency ($18 in 2023).
- Consistent reporting of 0% officer compensation, suggesting a high dedication to mission over executive pay.
- Consistent operating surplus, indicating the organization spends less than it earns annually.
Frequently Asked Questions about Rachels Haven Inc
Is Rachels Haven Inc a legitimate charity?
Rachels Haven Inc (EIN: 202236485) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Rachels Haven Inc spend its money?
Rachels Haven Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Rachels Haven Inc tax-deductible?
Rachels Haven Inc is registered as a tax-exempt nonprofit (EIN: 202236485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rachels Haven Inc CEO make?
Rachels Haven Inc's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rachels Haven Inc's spending goes to programs?
Rachels Haven Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rachels Haven Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Rachels Haven Inc is above average for NTEE category F33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rachels Haven Inc located?
Rachels Haven Inc is headquartered in Pound, Virginia and files with the IRS under EIN 202236485. It is classified under NTEE code F33.
How many years of IRS 990 filings does Rachels Haven Inc have?
Rachels 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 $2.3M in total revenue.
Is Rachels Haven Inc a good charity?
Based on the provided financial data, Rachels Haven Inc appears to be a very good charity. It demonstrates consistent financial growth, strong asset accumulation, and a remarkable commitment to directing funds to its mission by reporting no officer compensation over many years. Its financial health and efficiency are strong indicators of its ability to fulfill its mission.
How has Rachels Haven Inc's revenue grown over time?
Rachels Haven Inc has shown consistent and significant revenue growth, increasing from $1,197,738 in 2014 to $2,141,680 in 2023, representing an almost doubling of revenue over a decade.
What is the organization's financial health?
The organization's financial health is strong. It consistently operates with a surplus (e.g., $155,823 in 2023), has steadily growing assets ($978,698 in 2023), and maintains very low liabilities ($18 in 2023), indicating excellent solvency and financial management.
Does Rachels Haven Inc pay its officers?
According to the IRS 990 filings, Rachels Haven Inc has reported 0% officer compensation for all available periods, including the latest filing in 2023. This suggests that officers are either unpaid volunteers or compensated in a manner not classified as officer compensation on the 990.
Filing History
IRS 990 filing history for Rachels Haven Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rachels Haven Inc's revenue has grown by 208.4%, moving from $694K to $2.1M. Total assets increased by 709.3% over the same period, from $121K to $979K. Total functional expenses rose by 190.9%, from $683K to $2.0M. In its most recent filing year (2023), Rachels Haven Inc reported a surplus of $156K, with revenue exceeding expenses. The organization holds $18 in liabilities against $979K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $979K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.0M | $979K | $18 | — | — |
| 2022 | $2.1M | $1.8M | $843K | $20K | — | View 990 |
| 2021 | $1.8M | $1.7M | $615K | $21K | — | View 990 |
| 2020 | $1.7M | $1.6M | $487K | $29K | — | View 990 |
| 2019 | $1.7M | $1.6M | $376K | $10K | — | View 990 |
| 2018 | $1.8M | $1.8M | $301K | $22K | — | View 990 |
| 2017 | $1.7M | $1.7M | $232K | $25K | — | View 990 |
| 2016 | $1.4M | $1.4M | $211K | $33K | — | View 990 |
| 2015 | $1.3M | $1.3M | $176K | $17K | — | View 990 |
| 2014 | $1.2M | $1.2M | $139K | $20K | — | View 990 |
| 2013 | $1.1M | $1.1M | $117K | $24K | — | View 990 |
| 2012 | $941K | $943K | $94K | $51K | — | View 990 |
| 2011 | $694K | $683K | $121K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $979K (revenue +3.6% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.8M, and assets of $843K (revenue +14.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $615K (revenue +5.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $487K (revenue +2.3% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $376K (revenue -9.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $301K (revenue +6.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $232K (revenue +25.4% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $211K (revenue +5.3% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $176K (revenue +8.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $139K (revenue +6.2% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $117K (revenue +19.9% year-over-year).
- 2012: Revenue of $941K, expenses of $943K, and assets of $94K (revenue +35.5% year-over-year).
- 2011: Revenue of $694K, expenses of $683K, and assets of $121K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rachels Haven Inc:
Data Sources and Methodology
This transparency report for Rachels 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.