Projects for Haiti Inc

Analysis

Projects for Haiti Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in December 2011, 15 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 September 2023, Projects for Haiti Inc reported income of $1.1m and spending of $1.3m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $411k to $1.1m (+170%), an average of +28% a year. The sharpest change came in the year to September 2021, when income rose by 134%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Projects for Haiti Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Alliance for International Exchange Inc ($1.1m), Malaria Partners International ($1.1m) and Global Capital of World Peace ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $267k (21% of expenses). Other salaries and wages came to $439k. At year end it held assets of $464k against liabilities of $0, net assets of $464k. It reported 5 employees.