Hai Global

Analysis

Hai Global is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hai Global reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.3m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hai Global sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include St Josephs Social Care and Thrift Store ($1.3m), Kiddy Karousel Day Care Center ($1.3m) and Committee on Sustainability Assessment ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $77k (6.1% of expenses). Other salaries and wages came to $365k. At year end it held assets of $347k against liabilities of $18k, net assets of $330k. It reported 13 employees.