Have Faith Haiti Mission Support Trust

Analysis

Have Faith Haiti Mission Support Trust is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Have Faith Haiti Mission Support Trust reported income of $947k and spending of $1.5m, spending 160% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.3m to $947k (-25%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Have Faith Haiti Mission Support Trust sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Quality Development Corp ($946k), Fair Housing Center of Southwest Michigan ($947k) and Nonprofit Housing Preservation Ra Inc ($946k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $129k against liabilities of $1.5m, net assets of -$1.4m.