Haiti Foundation Against Povertyinc
Haiti Foundation Against Povertyinc consistently directs 100% of officer compensation to programs, maintaining strong assets despite recent operating deficits.
EIN: 205155200 · Freeland, MI · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $578K |
| Total Expenses | $651K |
| Program Spending | 90% |
| Net Assets | $987K |
| Transparency Score | 92/100 |
Is Haiti Foundation Against Povertyinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haiti Foundation Against Povertyinc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Haiti Foundation Against Povertyinc
Haiti Foundation Against Povertyinc (EIN: 205155200) is a nonprofit organization based in Freeland, MI, classified under NTEE code O50. The organization reported total revenue of $578K and total assets of $1000K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haiti Foundation Against Povertyinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haiti Foundation Against Povertyinc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $579K |
| Total Expenses | $651K |
| Surplus / Deficit | $-71,977 |
| Total Assets | $990K |
| Total Liabilities | $2K |
| Net Assets | $987K |
| Operating Margin | -12.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 18.2 months |
Financial Health Grade: B
In 2023, Haiti Foundation Against Povertyinc reported a deficit of $72K with expenses exceeding revenue, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Haiti Foundation Against Povertyinc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.3% | -10.5% | -7.3% |
| 2022 | -2.6% | -8.3% | +7.1% |
| 2021 | +20.9% | +6.9% | +2.2% |
| 2020 | -16.8% | -22.4% | -7.3% |
| 2019 | -13.9% | -16.7% | -12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Haiti Foundation Against Povertyinc 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, Haiti Foundation Against Povertyinc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers. This is a highly positive indicator, suggesting that all resources are directed towards the organization's mission and operational costs.
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 Haiti Foundation Against Povertyinc's IRS 990 filings:
- Recent trend of expenses exceeding revenue (e.g., 202312: Expenses $651,169 vs. Revenue $579,192)
Strengths
The following positive indicators were identified for Haiti Foundation Against Povertyinc:
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Consistently low liabilities, demonstrating strong financial management and minimal debt.
- Substantial assets ($989,879 in 202312) providing financial stability.
- Long history of consistent IRS 990 filings (13 filings), indicating transparency and accountability.
Frequently Asked Questions about Haiti Foundation Against Povertyinc
Is Haiti Foundation Against Povertyinc a legitimate charity?
Haiti Foundation Against Povertyinc (EIN: 205155200) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $578K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Haiti Foundation Against Povertyinc spend its money?
Haiti Foundation Against Povertyinc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Haiti Foundation Against Povertyinc tax-deductible?
Haiti Foundation Against Povertyinc is registered as a tax-exempt nonprofit (EIN: 205155200). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Haiti Foundation Against Povertyinc's spending goes to programs?
Haiti Foundation Against Povertyinc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Haiti Foundation Against Povertyinc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Haiti Foundation Against Povertyinc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haiti Foundation Against Povertyinc located?
Haiti Foundation Against Povertyinc is headquartered in Freeland, Michigan and files with the IRS under EIN 205155200. It is classified under NTEE code O50.
How many years of IRS 990 filings does Haiti Foundation Against Povertyinc have?
Haiti Foundation Against Povertyinc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $578K in total revenue.
Is Haiti Foundation Against Povertyinc a good charity?
Based on the available IRS 990 data, Haiti Foundation Against Povertyinc appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds to its mission. Its program spending is high, and liabilities are low, suggesting efficient and responsible financial management.
How has the organization's revenue trended over time?
The organization's revenue has fluctuated over the years, peaking at $1,094,466 in 201612 and showing a recent decline from $817,770 in 202112 to $579,192 in 202312. This indicates a need to monitor fundraising efforts.
What is the organization's asset-to-liability ratio?
In the latest filing (202312), the organization's assets were $989,879 and liabilities were $2,402, resulting in a very strong asset-to-liability ratio of approximately 412:1. This indicates excellent financial stability and minimal debt.
Filing History
IRS 990 filing history for Haiti Foundation Against Povertyinc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Haiti Foundation Against Povertyinc's revenue has grown by 4.2%, moving from $556K to $579K. Total assets increased by 83.1% over the same period, from $541K to $990K. Total functional expenses rose by 3.3%, from $630K to $651K. In its most recent filing year (2023), Haiti Foundation Against Povertyinc reported a deficit of $72K, with expenses exceeding revenue. The organization holds $2K in liabilities against $990K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $987K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $579K | $651K | $990K | $2K | — | — |
| 2022 | $797K | $728K | $1.1M | $8K | — | — |
| 2021 | $818K | $793K | $997K | $6K | — | View 990 |
| 2020 | $676K | $743K | $976K | $9K | — | View 990 |
| 2019 | $813K | $956K | $1.1M | $14K | — | View 990 |
| 2018 | $944K | $1.1M | $1.2M | $20K | — | View 990 |
| 2017 | $839K | $950K | $1.4M | $12K | — | View 990 |
| 2016 | $1.1M | $888K | $1.5M | $5K | — | View 990 |
| 2015 | $744K | $663K | $1.3M | $5K | — | View 990 |
| 2014 | $812K | $646K | $1.2M | $5K | — | View 990 |
| 2013 | $651K | $537K | $1.1M | $6K | — | View 990 |
| 2012 | $716K | $499K | $926K | $0 | — | View 990 |
| 2011 | $556K | $630K | $541K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $579K, expenses of $651K, and assets of $990K (revenue -27.3% year-over-year).
- 2022: Revenue of $797K, expenses of $728K, and assets of $1.1M (revenue -2.6% year-over-year).
- 2021: Revenue of $818K, expenses of $793K, and assets of $997K (revenue +20.9% year-over-year).
- 2020: Revenue of $676K, expenses of $743K, and assets of $976K (revenue -16.8% year-over-year).
- 2019: Revenue of $813K, expenses of $956K, and assets of $1.1M (revenue -13.9% year-over-year).
- 2018: Revenue of $944K, expenses of $1.1M, and assets of $1.2M (revenue +12.4% year-over-year).
- 2017: Revenue of $839K, expenses of $950K, and assets of $1.4M (revenue -23.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $888K, and assets of $1.5M (revenue +47.2% year-over-year).
- 2015: Revenue of $744K, expenses of $663K, and assets of $1.3M (revenue -8.4% year-over-year).
- 2014: Revenue of $812K, expenses of $646K, and assets of $1.2M (revenue +24.7% year-over-year).
- 2013: Revenue of $651K, expenses of $537K, and assets of $1.1M (revenue -9.1% year-over-year).
- 2012: Revenue of $716K, expenses of $499K, and assets of $926K (revenue +28.8% year-over-year).
- 2011: Revenue of $556K, expenses of $630K, and assets of $541K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haiti Foundation Against Povertyinc:
Data Sources and Methodology
This transparency report for Haiti Foundation Against Povertyinc 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.