Quick charity verification for Center Of Hope Haiti Inc (EIN: 201002278)
Verdict: Center Of Hope Haiti Inc appears trustworthy
92/100Mission Score
$403KRevenue
$1.8MAssets
1Red Flags
5Strengths
Red Flags
Operating deficit in the latest fiscal year (2023), with expenses exceeding revenue by $86,779.
Strengths
Consistent growth in assets, from $1,043,607 in 2014 to $1,766,132 in 2023, indicating strong financial health.
Zero reported officer compensation across all filings, suggesting high efficiency in directing funds to programs.
Very low liabilities across all reported periods, indicating minimal debt and strong financial management.
Consistent filing of IRS 990s, demonstrating good transparency.
Long-term trend of revenues generally covering expenses, despite recent deficit.
Spending Breakdown
How Center Of Hope Haiti Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Center Of Hope Haiti Inc
Is Center Of Hope Haiti Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Center Of Hope Haiti Inc (EIN: 201002278) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Center Of Hope Haiti Inc a good charity to donate to?
Center Of Hope Haiti Inc has a Mission Score of 92/100. Revenue: $403K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Center Of Hope Haiti Inc?
The Employer Identification Number (EIN) for Center Of Hope Haiti Inc is 201002278. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Center Of Hope Haiti Inc spend its money?
Center Of Hope Haiti Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Center Of Hope Haiti Inc's tax-exempt status?
You can verify Center Of Hope Haiti Inc's tax-exempt status using EIN 201002278 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Center Of Hope Haiti Inc demonstrates consistent financial operations, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2022, revenue was $325,683 against expenses of $311,082, indicating a surplus. However, the latest filing for 2023 shows expenses ($362,881) exceeding revenue ($276,102), resulting in a deficit for that period. The organization maintains a healthy asset base, growing from $1,043,607 in 2014 to $1,766,132 in 2023, suggesting good long-term financial stability. Liabilities have remained very low across all reported periods, indicating minimal debt burden.
The organization's spending efficiency appears strong, particularly given the consistent 0% officer compensation reported across all filings, which suggests a volunteer-led or very lean executive structure. This directly contributes to more funds being available for program services. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation is a positive indicator for efficiency. Transparency is high given the consistent filing of IRS Form 990s and the clear financial trends observed.
Overall, Center Of Hope Haiti Inc appears to be a financially stable organization with a strong commitment to directing resources towards its mission, as evidenced by its low liabilities, growing assets, and zero reported officer compensation. The recent deficit in 2023 warrants monitoring but does not immediately undermine the overall positive financial picture established over the long term.