Hope for Haitians Inc

Analysis

Hope for Haitians Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in April 2020, 6 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 June 2023, Hope for Haitians Inc reported income of $590k and spending of $339k, leaving 43% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $506k to $590k (+17%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 103% 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 Haitians Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Legacy Charities Inc ($590k), A J Muste Memorial Institute ($591k) and Touch a Life ($590k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $89k (26% of expenses). At year end it held assets of $858k against liabilities of $0, net assets of $858k. It reported 1 employees.