Haitian-American Foundation for Democracy Inc

Analysis

Haitian-American Foundation for Democracy Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Haitian-American Foundation for Democracy Inc reported income of $292k and spending of $261k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $171k to $292k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Haitian-American Foundation for Democracy Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include USA Softball of North Dakota ($292k), Great Plains Housing Advocacy Inc ($292k) and Prader Willi Utah Association Inc ($291k).

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 $111k against liabilities of $0, net assets of $111k.