Haiti Foundation Against Povertyinc

Analysis

Haiti Foundation Against Povertyinc is a registered charity in United States, based in Freeland, MI. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Haiti Foundation Against Povertyinc reported income of $579k and spending of $651k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $813k to $579k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Haiti Foundation Against Povertyinc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Capital Area Soccer Association ($579k), Magic Wand Foundation Inc ($579k) and Big Brothers Big Sisters of the Southern Adirondacks Inc ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $85k (13% of expenses). Other salaries and wages came to $172k. At year end it held assets of $990k against liabilities of $2,402, net assets of $987k. It reported 4 employees.