Haiti Cultural Exchange

Analysis

Haiti Cultural Exchange is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Haiti Cultural Exchange reported income of $568k and spending of $556k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $285k to $568k (+99%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Haiti Cultural Exchange sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Never Alone Clubhouse Inc ($568k), Coalition Against Rape & Domestic Violence of Callaway County ($568k) and High Noon International ($568k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $86k (15% of expenses). Other salaries and wages came to $88k. At year end it held assets of $488k against liabilities of $21k, net assets of $467k. It reported 4 employees.