Little Haiti Housing Association Inc

Analysis

Little Haiti Housing Association Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Little Haiti Housing Association Inc reported income of $840k and spending of $1.3m, spending 154% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.8m to $840k (-54%), an average of -14% a year. The sharpest change came in the year to December 2019, when income dropped by 51%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Little Haiti Housing Association Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include B T Inc ($840k), Beattyville Housing & Development Corporation Inc ($840k) and Genesis Homes Inc ($839k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $203k. At year end it held assets of $2.5m against liabilities of $8.7m, net assets of -$6.3m.

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.