Haiti Foundation Of Hope
Haiti Foundation Of Hope maintains stable assets but faces recent revenue shortfalls against expenses with no officer compensation.
EIN: 203169728 · Vancouver, WA · NTEE: Q12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $373K |
| Total Expenses | $375K |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Haiti Foundation Of Hope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haiti Foundation Of Hope directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Haiti Foundation Of Hope
Haiti Foundation Of Hope (EIN: 203169728) is a nonprofit organization based in Vancouver, WA, classified under NTEE code Q12. The organization reported total revenue of $373K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haiti Foundation Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haiti Foundation Of Hope is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -9.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $368K |
| Total Expenses | $375K |
| Surplus / Deficit | $-6,670 |
| Total Assets | $1.1M |
| Total Liabilities | $192 |
| Net Assets | $1.1M |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 34.6 months |
Financial Health Grade: B
In 2024, Haiti Foundation Of Hope reported a deficit of $7K with expenses exceeding revenue, holds 34.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Haiti Foundation Of Hope's revenue has declined at a compound annual growth rate (CAGR) of -9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.8% | -5.3% | -4.5% |
| 2023 | -33.5% | -17.0% | -3.6% |
| 2022 | +13.8% | -0.7% | +9.8% |
| 2021 | +13.1% | +25.2% | +3.1% |
| 2020 | -70.2% | -73.8% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Of Hope with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Haiti Foundation Of Hope allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a purely volunteer basis or receives no reportable compensation, which is highly favorable for donor trust and resource allocation 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 Haiti Foundation Of Hope's IRS 990 filings:
- Recent trend of expenses exceeding revenue (e.g., $374,863 expenses vs. $368,193 revenue in 202406).
- Significant decrease in annual revenue from over $1 million (2017-2019) to under $500,000 in recent years, indicating potential funding challenges.
Strengths
The following positive indicators were identified for Haiti Foundation Of Hope:
- Consistent 0% officer compensation across all reported periods, indicating high efficiency in leadership costs.
- Stable asset base of over $1 million, providing a financial cushion.
- Long filing history (13 filings) demonstrates consistent operation and compliance.
Frequently Asked Questions about Haiti Foundation Of Hope
Is Haiti Foundation Of Hope a legitimate charity?
Haiti Foundation Of Hope (EIN: 203169728) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $373K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Haiti Foundation Of Hope spend its money?
Haiti Foundation Of Hope directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Haiti Foundation Of Hope tax-deductible?
Haiti Foundation Of Hope is registered as a tax-exempt nonprofit (EIN: 203169728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Haiti Foundation Of Hope's spending goes to programs?
Haiti Foundation Of Hope directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Haiti Foundation Of Hope compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Haiti Foundation Of Hope is above average for NTEE category Q12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haiti Foundation Of Hope located?
Haiti Foundation Of Hope is headquartered in Vancouver, Washington and files with the IRS under EIN 203169728. It is classified under NTEE code Q12.
How many years of IRS 990 filings does Haiti Foundation Of Hope have?
Haiti Foundation Of Hope 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 $373K in total revenue.
Is Haiti Foundation Of Hope a good charity?
Based on the available data, Haiti Foundation Of Hope appears to be a good charity, particularly due to its consistent 0% officer compensation, suggesting a strong commitment to directing funds towards its mission. However, recent trends of expenses exceeding revenue warrant closer examination of its financial sustainability.
What caused the significant drop in revenue after 2019?
The provided data does not specify the exact reasons for the revenue drop from over $1.3 million in 2019 to under $500,000 in subsequent years. This would require reviewing the full IRS 990 forms for detailed explanations of funding sources and changes.
How does the organization cover its expenses when revenue is lower?
When expenses exceed revenue, as seen in 202406 and 202306, the organization likely draws from its accumulated assets or reserves to cover the shortfall. This is sustainable in the short term but could deplete assets if it becomes a long-term trend.
Filing History
IRS 990 filing history for Haiti Foundation Of Hope showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Haiti Foundation Of Hope's revenue has declined by 67.9%, moving from $1.1M to $368K. Total assets increased by 80.8% over the same period, from $598K to $1.1M. Total functional expenses fell by 65.1%, from $1.1M to $375K. In its most recent filing year (2024), Haiti Foundation Of Hope reported a deficit of $7K, with expenses exceeding revenue. The organization holds $192 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $368K | $375K | $1.1M | $192 | — | — |
| 2023 | $355K | $396K | $1.1M | $249 | — | View 990 |
| 2022 | $534K | $477K | $1.2M | $2K | — | View 990 |
| 2021 | $469K | $480K | $1.1M | $195 | — | — |
| 2020 | $415K | $383K | $1.0M | $216 | — | View 990 |
| 2019 | $1.4M | $1.5M | $995K | $2K | — | View 990 |
| 2018 | $1.3M | $1.3M | $1.1M | $0 | — | — |
| 2017 | $1.3M | $1.1M | $985K | $0 | — | View 990 |
| 2016 | $835K | $674K | $816K | $0 | — | View 990 |
| 2015 | $896K | $933K | $654K | $0 | — | View 990 |
| 2014 | $896K | $764K | $691K | $0 | — | View 990 |
| 2013 | $604K | $652K | $551K | $0 | — | View 990 |
| 2012 | $1.1M | $1.1M | $598K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $368K, expenses of $375K, and assets of $1.1M (revenue +3.8% year-over-year).
- 2023: Revenue of $355K, expenses of $396K, and assets of $1.1M (revenue -33.5% year-over-year).
- 2022: Revenue of $534K, expenses of $477K, and assets of $1.2M (revenue +13.8% year-over-year).
- 2021: Revenue of $469K, expenses of $480K, and assets of $1.1M (revenue +13.1% year-over-year).
- 2020: Revenue of $415K, expenses of $383K, and assets of $1.0M (revenue -70.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $995K (revenue +4.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $1.1M (revenue +5.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $985K (revenue +50.8% year-over-year).
- 2016: Revenue of $835K, expenses of $674K, and assets of $816K (revenue -6.8% year-over-year).
- 2015: Revenue of $896K, expenses of $933K, and assets of $654K (revenue +0.0% year-over-year).
- 2014: Revenue of $896K, expenses of $764K, and assets of $691K (revenue +48.3% year-over-year).
- 2013: Revenue of $604K, expenses of $652K, and assets of $551K (revenue -47.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $598K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haiti Foundation Of Hope:
Data Sources and Methodology
This transparency report for Haiti Foundation Of Hope 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.