Haiti Empowered Inc

Analysis

Haiti Empowered Inc is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Haiti Empowered Inc reported income of $1.8m and spending of $2.1m, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.8m to $1.8m (+0.5%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haiti Empowered Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Northwest Jacksonville Community Development Corporation ($1.8m), Woodstock Preservation Corporation ($1.8m) and Bowdoin Manor Housing Inc ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 51% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $453k (22% of expenses). At year end it held assets of $3.8m against liabilities of $1.1m, net assets of $2.6m. It reported 7 employees.