Seeds of Hope for Haiti Inc

Analysis

Seeds of Hope for Haiti Inc is a registered charity in United States, based in Southbury, CT. It received its IRS tax-exemption ruling in December 2017, 9 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, Seeds of Hope for Haiti Inc reported income of $217k and spending of $197k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $217k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 106% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Seeds of Hope for Haiti Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Strategic Development for Relief and Education ($217k), Kin International ($217k) and Itaa Foundation ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.