HORSES HAVEN
Mission Statement
Founded in 1995, Horses’ Haven is a 501(c)3 non-profit located in Howell, Michigan. It is currently led by our Board of Directors and a small staff consisting of compassionate and dedicated people who are committed to carrying out Horses’ Haven's mission. The heart and soul of Horses’ Haven is our volunteer base. Our volunteers give in time, labor, and love through 2 shifts a day, 7 days a week, 365 days a year. Our mission is to rescue, rehabilitate, ?retrain and re-home at-risk equines (horses, ponies, donkeys and mules). In 2024, we welcomed over 116 equines to our farm and found loving homes for 86 equines. We assist law enforcement agencies and accept surrendered horses from owners displaying a clear need for help (we are not a retirement facility). Our goal is to find every horse in our care a forever home through adoption. This is accomplished through medical rehabilitation and training to ensure each horse, rideable or not, has the skills needed to be a good equine citizen.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.6% | 91.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.3% | 6.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.2% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
17.3% | 5.6% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
27.5 mo | 10.0 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.7% | 0.4% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
83.8% | 89.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
31.4% | 8.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
15.1% | 7.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
18.0% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $886K | $726K | $1.7M | 88.6% | 11 |
| 2023 | $674K | $631K | $1.5M | 92.3% | 8 |
| 2022 | $741K | $574K | $1.4M | 91.4% | 10 |
| 2021 | $662K | $552K | N/A | — | 10 |
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