The Haitian Project Inc

Analysis

The Haitian Project Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 1987, 39 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, The Haitian Project Inc reported income of $4.6m and spending of $2.2m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $4.6m (+181%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Haitian Project Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within RI. Charities of a similar size with the same main cause include Binaytara ($4.6m), Kolel Chibas Jerusalem ($4.7m) and Junior Achievement of Utah Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $358k (16% of expenses). Other salaries and wages came to $382k. At year end it held assets of $7.6m against liabilities of $15k, net assets of $7.6m. It reported 13 employees.