Center Of Hope Haiti Inc
Center Of Hope Haiti Inc maintains strong assets and zero executive compensation despite a recent operating deficit.
EIN: 201002278 · Middlebury, CT · NTEE: P30 · Updated: 2026-03-28
Is Center Of Hope Haiti Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center Of Hope Haiti Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center Of Hope Haiti Inc
Center Of Hope Haiti Inc (EIN: 201002278) is a nonprofit organization based in Middlebury, CT, classified under NTEE code P30. The organization reported total revenue of $403K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center Of Hope Haiti Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center Of Hope Haiti Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Center Of Hope Haiti Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Center Of Hope Haiti Inc's IRS 990 filings:
- Operating deficit in the latest fiscal year (2023), with expenses exceeding revenue by $86,779.
Strengths
The following positive indicators were identified for Center Of Hope Haiti Inc:
- 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.
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) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Center Of Hope Haiti Inc spend its money?
Center Of Hope Haiti Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Center Of Hope Haiti Inc tax-deductible?
Center Of Hope Haiti Inc is registered as a tax-exempt nonprofit (EIN: 201002278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Center Of Hope Haiti Inc financially stable?
Yes, the organization appears financially stable. It has consistently grown its assets from $1,043,607 in 2014 to $1,766,132 in 2023, and maintains very low liabilities, indicating a strong balance sheet.
How much does Center Of Hope Haiti Inc spend on executive salaries?
Center Of Hope Haiti Inc reports 0% officer compensation in all available IRS 990 filings, suggesting no executive salaries are paid or they are covered by other means not reported as such.
Did Center Of Hope Haiti Inc have a surplus or deficit in its latest fiscal year?
In its latest fiscal year (202312), Center Of Hope Haiti Inc had a deficit, with expenses of $362,881 exceeding revenue of $276,102.
What is the trend in Center Of Hope Haiti Inc's revenue?
Revenue for Center Of Hope Haiti Inc has fluctuated over the years, ranging from a low of $129,202 in 2014 to a high of $487,231 in 2016, with the latest reported revenue at $276,102 in 2023.
Filing History
IRS 990 filing history for Center Of Hope Haiti Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center Of Hope Haiti Inc's revenue has grown by 50.7%, moving from $183K to $276K. Total assets increased by 44.9% over the same period, from $1.2M to $1.8M. Total functional expenses rose by 214.6%, from $115K to $363K. In its most recent filing year (2023), Center Of Hope Haiti Inc reported a deficit of $87K, with expenses exceeding revenue. The organization holds $4K in liabilities against $1.8M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $276K | $363K | $1.8M | $4K | — | — |
| 2022 | $326K | $311K | $1.8M | $12K | — | View 990 |
| 2021 | $365K | $273K | $1.9M | $1K | — | View 990 |
| 2020 | $291K | $268K | $1.8M | $11K | — | View 990 |
| 2019 | $435K | $255K | $1.7M | $2K | — | View 990 |
| 2018 | $331K | $304K | $1.5M | $2K | — | View 990 |
| 2017 | $355K | $251K | $1.5M | $2K | — | View 990 |
| 2016 | $487K | $230K | $1.4M | $28K | — | View 990 |
| 2015 | $256K | $196K | $1.1M | $1K | — | View 990 |
| 2014 | $129K | $185K | $1.0M | $2K | — | View 990 |
| 2013 | $127K | $276K | $1.1M | $8K | — | View 990 |
| 2012 | $96K | $180K | $1.2M | $13K | — | View 990 |
| 2011 | $183K | $115K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $276K, expenses of $363K, and assets of $1.8M (revenue -15.2% year-over-year).
- 2022: Revenue of $326K, expenses of $311K, and assets of $1.8M (revenue -10.8% year-over-year).
- 2021: Revenue of $365K, expenses of $273K, and assets of $1.9M (revenue +25.5% year-over-year).
- 2020: Revenue of $291K, expenses of $268K, and assets of $1.8M (revenue -33.1% year-over-year).
- 2019: Revenue of $435K, expenses of $255K, and assets of $1.7M (revenue +31.2% year-over-year).
- 2018: Revenue of $331K, expenses of $304K, and assets of $1.5M (revenue -6.6% year-over-year).
- 2017: Revenue of $355K, expenses of $251K, and assets of $1.5M (revenue -27.2% year-over-year).
- 2016: Revenue of $487K, expenses of $230K, and assets of $1.4M (revenue +90.4% year-over-year).
- 2015: Revenue of $256K, expenses of $196K, and assets of $1.1M (revenue +98.0% year-over-year).
- 2014: Revenue of $129K, expenses of $185K, and assets of $1.0M (revenue +1.6% year-over-year).
- 2013: Revenue of $127K, expenses of $276K, and assets of $1.1M (revenue +32.3% year-over-year).
- 2012: Revenue of $96K, expenses of $180K, and assets of $1.2M (revenue -47.6% year-over-year).
- 2011: Revenue of $183K, expenses of $115K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Center Of Hope Haiti Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.