The Haven Mens Shelter Inc
The Haven Mens Shelter Inc reports significant revenue growth and a substantial surplus in its latest fiscal year with no officer compensation.
EIN: 205867184 · Rock Hill, SC · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $444K |
| Total Expenses | $285K |
| Program Spending | 85% |
| Net Assets | $324K |
| Transparency Score | 90/100 |
Is The Haven Mens Shelter Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Haven Mens Shelter Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Haven Mens Shelter Inc
The Haven Mens Shelter Inc (EIN: 205867184) is a nonprofit organization based in Rock Hill, SC, classified under NTEE code L41. The organization reported total revenue of $444K and total assets of $460K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Haven Mens Shelter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Haven Mens Shelter Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $444K |
| Total Expenses | $285K |
| Surplus / Deficit | +$159K |
| Total Assets | $460K |
| Total Liabilities | $136K |
| Net Assets | $324K |
| Operating Margin | 35.9% |
| Debt-to-Asset Ratio | 29.6% |
| Months of Reserves | 19.4 months |
Financial Health Grade: A
In 2024, The Haven Mens Shelter Inc reported a surplus of $159K with revenue exceeding expenses, holds 19.4 months of operating reserves (strong position), has a debt-to-asset ratio of 29.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Haven Mens Shelter Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +90.2% | +29.8% | +8.3% |
| 2023 | -30.0% | -4.2% | -6.3% |
| 2022 | +53.5% | -6.8% | +461.4% |
| 2021 | -5.4% | -42.1% | -21.7% |
| 2020 | +16.2% | +111.6% | -65.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Haven Mens Shelter 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, The Haven Mens Shelter 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $159K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation.
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 The Haven Mens Shelter Inc's IRS 990 filings:
- Fluctuating revenue and expenses in prior years, with some periods showing expenses exceeding revenue (e.g., 2020 expenses $424,213 vs. revenue $229,406).
Strengths
The following positive indicators were identified for The Haven Mens Shelter Inc:
- Significant revenue growth in the latest fiscal year ($443,741 in 2024).
- Consistent reporting of 0% officer compensation across all filings, indicating strong commitment to mission-focused spending.
- Healthy surplus in the latest fiscal year ($443,741 revenue vs. $284,554 expenses).
- Growing asset base, reaching $459,996 in 2024.
- Reduced liabilities in the latest period ($136,341 in 2024 from a high of $303,143 in 2022).
Frequently Asked Questions about The Haven Mens Shelter Inc
Is The Haven Mens Shelter Inc a legitimate charity?
The Haven Mens Shelter Inc (EIN: 205867184) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $444K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does The Haven Mens Shelter Inc spend its money?
The Haven Mens Shelter Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Haven Mens Shelter Inc tax-deductible?
The Haven Mens Shelter Inc is registered as a tax-exempt nonprofit (EIN: 205867184). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Haven Mens Shelter Inc's spending goes to programs?
The Haven Mens Shelter Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Haven Mens Shelter Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Haven Mens Shelter Inc is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Haven Mens Shelter Inc located?
The Haven Mens Shelter Inc is headquartered in Rock Hill, South Carolina and files with the IRS under EIN 205867184. It is classified under NTEE code L41.
How many years of IRS 990 filings does The Haven Mens Shelter Inc have?
The Haven Mens Shelter Inc 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 $444K in total revenue.
Is The Haven Mens Shelter Inc financially stable?
Yes, based on the latest filing (2024), the organization reported revenue of $443,741 against expenses of $284,554, resulting in a significant surplus and an increase in assets to $459,996, indicating strong financial health.
How has The Haven Mens Shelter Inc's revenue trended?
Revenue has fluctuated over the years, ranging from a low of $197,453 in 2019 to a high of $443,741 in 2024. The latest period shows a substantial increase, nearly doubling from the previous year's $233,326.
Does The Haven Mens Shelter Inc pay its officers?
No, all available IRS 990 filings consistently report 0% officer compensation, suggesting a volunteer-driven leadership or that compensation is not categorized as officer pay.
What is the trend in The Haven Mens Shelter Inc's assets?
Assets have generally increased over time, from $80,775 in 2021 to $459,996 in 2024, indicating a growing financial base for the organization.
Filing History
IRS 990 filing history for The Haven Mens Shelter Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Haven Mens Shelter Inc's revenue has grown by 192%, moving from $152K to $444K. Total assets increased by 1568.9% over the same period, from $28K to $460K. Total functional expenses rose by 86.3%, from $153K to $285K. In its most recent filing year (2024), The Haven Mens Shelter Inc reported a surplus of $159K, with revenue exceeding expenses. The organization holds $136K in liabilities against $460K in assets (debt-to-asset ratio: 29.6%), resulting in net assets of $324K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $444K | $285K | $460K | $136K | — | — |
| 2023 | $233K | $219K | $425K | $260K | — | View 990 |
| 2022 | $333K | $229K | $453K | $303K | — | View 990 |
| 2021 | $217K | $246K | $81K | $35K | — | View 990 |
| 2020 | $229K | $424K | $103K | $28K | — | View 990 |
| 2019 | $197K | $201K | $297K | $27K | — | View 990 |
| 2018 | $240K | $203K | $275K | $2K | — | View 990 |
| 2017 | $234K | $209K | $237K | $2K | — | View 990 |
| 2016 | $242K | $206K | $248K | $37K | — | View 990 |
| 2015 | $312K | $223K | $211K | $37K | — | View 990 |
| 2014 | $232K | $192K | $87K | $2K | — | View 990 |
| 2013 | $176K | $169K | $47K | $2K | — | View 990 |
| 2012 | $166K | $153K | $40K | $1K | — | View 990 |
| 2011 | $152K | $153K | $28K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $444K, expenses of $285K, and assets of $460K (revenue +90.2% year-over-year).
- 2023: Revenue of $233K, expenses of $219K, and assets of $425K (revenue -30.0% year-over-year).
- 2022: Revenue of $333K, expenses of $229K, and assets of $453K (revenue +53.5% year-over-year).
- 2021: Revenue of $217K, expenses of $246K, and assets of $81K (revenue -5.4% year-over-year).
- 2020: Revenue of $229K, expenses of $424K, and assets of $103K (revenue +16.2% year-over-year).
- 2019: Revenue of $197K, expenses of $201K, and assets of $297K (revenue -17.8% year-over-year).
- 2018: Revenue of $240K, expenses of $203K, and assets of $275K (revenue +2.7% year-over-year).
- 2017: Revenue of $234K, expenses of $209K, and assets of $237K (revenue -3.5% year-over-year).
- 2016: Revenue of $242K, expenses of $206K, and assets of $248K (revenue -22.4% year-over-year).
- 2015: Revenue of $312K, expenses of $223K, and assets of $211K (revenue +34.9% year-over-year).
- 2014: Revenue of $232K, expenses of $192K, and assets of $87K (revenue +31.9% year-over-year).
- 2013: Revenue of $176K, expenses of $169K, and assets of $47K (revenue +6.0% year-over-year).
- 2012: Revenue of $166K, expenses of $153K, and assets of $40K (revenue +9.0% year-over-year).
- 2011: Revenue of $152K, expenses of $153K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Haven Mens Shelter Inc:
Data Sources and Methodology
This transparency report for The Haven Mens Shelter 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.