AI Transparency Report
Haiti Health Ministries Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific breakdowns for program, administrative, and fundraising expenses are not provided in the summary data, the organization's financial activity shows a focus on delivering services. The organization has maintained a relatively stable revenue stream over the past decade, averaging around $250,000 annually, with some fluctuations. For instance, in 2023, expenses ($286,102) exceeded revenue ($230,301), leading to a decrease in assets from $178,324 in 2022 to $122,610 in 2023, and an increase in liabilities to $164. This indicates a period of deficit spending. However, the organization has also shown periods of surplus, such as in 2022 where revenue ($292,090) significantly outpaced expenses ($213,665). The absence of reported officer compensation across all filings suggests a volunteer-driven leadership or very modest compensation, which can be a positive indicator of resource allocation directly to programs.
The organization's asset base has fluctuated, reaching a high of $178,324 in 2022 before declining to $122,610 in 2023. The presence of liabilities, particularly the $164 reported in 2023, warrants attention, though it is a relatively small amount compared to total assets. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and financial transparency. Overall, while the organization experienced a deficit in its most recent fiscal year, its long-term financial history suggests a generally responsible approach to managing its resources, with a clear dedication to its health ministry in Haiti.