Hope for Haiti Foundation

Analysis

Hope for Haiti Foundation is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in October 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 December 2023, Hope for Haiti Foundation reported income of $256k and spending of $287k, spending 112% of what it took in. Across the 4 years on record, from July 2019 to December 2023, income grew from $201k to $256k (+28%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope for Haiti Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Build the Future US Inc ($256k), Precious Kids Center ($256k) and Gynecologic Cancer Research Foundation Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Other salaries and wages came to $100k. At year end it held assets of $119k against liabilities of $149k, net assets of -$30k.