South Haven Community Foundation
South Haven Community Foundation shows strong asset growth and minimal expenses, with no reported officer compensation.
EIN: 203841038 · South Haven, MI · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $399K |
| Total Expenses | $57K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $5.8M |
| Transparency Score | 95/100 |
Is South Haven Community Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Haven Community Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Haven Community Foundation
South Haven Community Foundation (EIN: 203841038) is a nonprofit organization based in South Haven, MI, classified under NTEE code T31. The organization reported total revenue of $399K and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Haven Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Haven Community Foundation is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 41.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $585K |
| Total Expenses | $57K |
| Surplus / Deficit | +$528K |
| Total Assets | $6.0M |
| Total Liabilities | $183K |
| Net Assets | $5.8M |
| Operating Margin | 90.3% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 1268.2 months |
Financial Health Grade: A
In 2023, South Haven Community Foundation reported a surplus of $528K with revenue exceeding expenses, holds 1268.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), South Haven Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 41.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.2% | -77.3% | +9.5% |
| 2023 | +84.1% | +27.2% | +41.4% |
| 2022 | -59.4% | +81.2% | -3.1% |
| 2021 | +142.6% | -8.5% | +131.7% |
| 2020 | +348.4% | +85.6% | +73.8% |
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 South Haven Community Foundation with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, South Haven Community Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $528K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through means not reported as officer compensation on the 990, which is highly favorable for a foundation of its size with assets exceeding $6 million.
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.
Strengths
The following positive indicators were identified for South Haven Community Foundation:
- Exceptional asset growth, from $616,853 in 2016 to over $6 million in 2023.
- Consistently very low expense-to-revenue ratios across multiple periods (e.g., $57,017 expenses on $585,047 revenue in 2023).
- Zero reported officer compensation across all 14 filings, indicating high efficiency and dedication to mission.
- Strong financial stability with minimal liabilities relative to assets.
- Consistent and transparent IRS 990 filing history.
Frequently Asked Questions about South Haven Community Foundation
Is South Haven Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, South Haven Community Foundation (EIN: 203841038) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does South Haven Community Foundation spend its money?
South Haven Community Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Haven Community Foundation tax-deductible?
South Haven Community Foundation is registered as a tax-exempt nonprofit (EIN: 203841038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Haven Community Foundation CEO make?
South Haven Community Foundation's highest-compensated officer earns $6 annually. The organization reported $399K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of South Haven Community Foundation's spending goes to programs?
South Haven Community Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does South Haven Community Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), South Haven Community Foundation is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Haven Community Foundation located?
South Haven Community Foundation is headquartered in South Haven, Michigan and files with the IRS under EIN 203841038. It is classified under NTEE code T31.
How many years of IRS 990 filings does South Haven Community Foundation have?
South Haven Community Foundation has 14 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 $399K in total revenue.
Is South Haven Community Foundation a good charity?
Based on its financial data, the South Haven Community Foundation appears to be a very good charity. It demonstrates exceptional financial health with consistent asset growth (e.g., from $616,853 in 2016 to over $6 million in 2023), remarkably low expenses relative to revenue (e.g., $57,017 expenses on $585,047 revenue in 2023), and zero reported officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How does the organization manage its expenses?
The organization manages its expenses exceptionally well, consistently reporting very low expense figures compared to its revenue. For instance, in the period ending December 2023, expenses were only $57,017 against $585,047 in revenue, and in June 2023, expenses were $251,552 against $1,506,261 in revenue. This suggests a highly cost-effective operational model.
What is the trend in the foundation's assets?
The foundation shows a strong and consistent upward trend in its assets, growing from $616,853 in 2016 to $6,025,558 by December 2023. This significant growth indicates effective financial management and successful endowment building.
Filing History
IRS 990 filing history for South Haven Community Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), South Haven Community Foundation's revenue has grown by 6414.3%, moving from $9K to $585K. Total assets increased by 2706.2% over the same period, from $215K to $6.0M. Total functional expenses rose by 233.6%, from $17K to $57K. In its most recent filing year (2023), South Haven Community Foundation reported a surplus of $528K, with revenue exceeding expenses. The organization holds $183K in liabilities against $6.0M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $585K | $57K | $6.0M | $183K | — | — |
| 2023 | $1.5M | $252K | $5.5M | $272K | — | View 990 |
| 2022 | $818K | $198K | $3.9M | $30K | — | View 990 |
| 2021 | $2.0M | $109K | $4.0M | $10K | — | View 990 |
| 2020 | $830K | $119K | $1.7M | $2K | — | View 990 |
| 2019 | $185K | $64K | $997K | $16K | — | View 990 |
| 2018 | $160K | $38K | $853K | $0 | — | View 990 |
| 2017 | $92K | $50K | $707K | $2K | — | View 990 |
| 2016 | $22K | $20K | $617K | $2K | — | View 990 |
| 2015 | $85K | $28K | $617K | $13K | — | View 990 |
| 2014 | $113K | $27K | $580K | $0 | — | View 990 |
| 2013 | $169K | $26K | $480K | $0 | — | View 990 |
| 2012 | $76K | $12K | $300K | $0 | — | View 990 |
| 2011 | $9K | $17K | $215K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $585K, expenses of $57K, and assets of $6.0M (revenue -61.2% year-over-year).
- 2023: Revenue of $1.5M, expenses of $252K, and assets of $5.5M (revenue +84.1% year-over-year).
- 2022: Revenue of $818K, expenses of $198K, and assets of $3.9M (revenue -59.4% year-over-year).
- 2021: Revenue of $2.0M, expenses of $109K, and assets of $4.0M (revenue +142.6% year-over-year).
- 2020: Revenue of $830K, expenses of $119K, and assets of $1.7M (revenue +348.4% year-over-year).
- 2019: Revenue of $185K, expenses of $64K, and assets of $997K (revenue +15.6% year-over-year).
- 2018: Revenue of $160K, expenses of $38K, and assets of $853K (revenue +74.4% year-over-year).
- 2017: Revenue of $92K, expenses of $50K, and assets of $707K (revenue +310.5% year-over-year).
- 2016: Revenue of $22K, expenses of $20K, and assets of $617K (revenue -73.6% year-over-year).
- 2015: Revenue of $85K, expenses of $28K, and assets of $617K (revenue -25.1% year-over-year).
- 2014: Revenue of $113K, expenses of $27K, and assets of $580K (revenue -33.1% year-over-year).
- 2013: Revenue of $169K, expenses of $26K, and assets of $480K (revenue +123.1% year-over-year).
- 2012: Revenue of $76K, expenses of $12K, and assets of $300K (revenue +742.9% year-over-year).
- 2011: Revenue of $9K, expenses of $17K, and assets of $215K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Haven Community Foundation:
Data Sources and Methodology
This transparency report for South Haven Community Foundation 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.