Nova Hope for Haiti Inc

Analysis

Nova Hope for Haiti Inc is a registered charity in United States, based in Emerson, NJ. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nova Hope for Haiti Inc reported income of $145k and spending of $217k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $284k to $145k (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nova Hope for Haiti Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include African Christian Fellowship - Midwest Region Inc ($145k), Cameroon Childrens Ministry ($145k) and American Friends of Prospect Burma ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 16% of the total. At year end it held assets of $954k against liabilities of $178, net assets of $954k.