Place of Hope in Haiti Inc

Analysis

Place of Hope in Haiti Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Place of Hope in Haiti Inc reported income of $258k and spending of $309k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $868k to $258k (-70%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 122% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Place of Hope in Haiti Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Armed Forces Families Foundationinc ($257k), Spirit Level Foundation ($258k) and Minority Opportunities Athletics Association ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (15% of expenses). At year end it held assets of $943k against liabilities of $79k, net assets of $864k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.