Hope for Haitis Children Ministries Inc

Analysis

Hope for Haitis Children Ministries Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Hope for Haitis Children Ministries Inc reported income of $4.5m and spending of $4.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for Haitis Children Ministries Inc 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 91st percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Froedtert Hospital Foundation Inc ($4.5m), Si Behavioral Network Inc ($4.5m) and The Renaissance ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $386k (9.7% of expenses). Other salaries and wages came to $484k. At year end it held assets of $7.6m against liabilities of $71k, net assets of $7.5m. It reported 15 employees.