Hope Haitian Ministries

Analysis

Hope Haitian Ministries is a registered charity in United States, based in Boothbay, ME. It received its IRS tax-exemption ruling in July 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Haitian Ministries reported income of $294k and spending of $328k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $221k to $294k (+33%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 109% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope Haitian Ministries sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within ME. Charities of a similar size with the same main cause include Action for Post-Soviet Jewry Inc ($294k), Friends of L I F E Inc ($294k) and Interfaith Peace-Builders ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.

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.