Hearts with Haiti Inc

Analysis

Hearts with Haiti Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 2003, 23 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, Hearts with Haiti Inc reported income of $686k and spending of $520k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $686k (-60%), an average of -21% a year. The sharpest change came in the year to December 2023, when income rose by 284%. Over the whole period it spent 62% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hearts with Haiti Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include The Bethania Foundation ($686k), Beall Ministries Inc ($686k) and Panah Charity Foundation ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $95k (18% of expenses). At year end it held assets of $1.8m against liabilities of $135k, net assets of $1.6m. It reported 1 employees.