New Bridges for Haitian Success Inc

Analysis

New Bridges for Haitian Success Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 2022, New Bridges for Haitian Success Inc reported income of $470k and spending of $412k, spending 88% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $227k to $470k (+107%), an average of +107% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Bridges for Haitian Success Inc 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 69th percentile, and in the 65th percentile within RI. Charities of a similar size with the same main cause include Hardin County Family Young Mens Christian Association Inc ($470k), Robert K Greenleaf Center Inc ($470k) and West Contra Costa Youth Soccer League Inc ($470k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (25% of expenses). Other salaries and wages came to $44k. At year end it held assets of $152k against liabilities of $15k, net assets of $137k. It reported 2 employees.