Haitian Centers Council Inc
Haitian Centers Council Inc. consistently operates near break-even with no reported officer compensation.
EIN: 112648501 · Brooklyn, NY · NTEE: P840 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $416K |
| Transparency Score | 85/100 |
Is Haitian Centers Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haitian Centers Council Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Haitian Centers Council Inc
Haitian Centers Council Inc (EIN: 112648501) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P840. The organization reported total revenue of $2.6M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haitian Centers Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haitian Centers Council Inc is a mid-size nonprofit that has been operating for 43 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-69,496 |
| Total Assets | $1.2M |
| Total Liabilities | $768K |
| Net Assets | $416K |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 64.9% |
| Months of Reserves | 5.4 months |
Financial Health Grade: C
In 2022, Haitian Centers Council Inc reported a deficit of $69K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 64.9% (high leverage).
Financial Trends
Over 11 years of filings (2011–2022), Haitian Centers Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -18.4% | -12.4% | -14.6% |
| 2021 | +18.4% | +12.2% | -4.7% |
| 2020 | -18.8% | -23.5% | +54.8% |
| 2019 | +18.0% | +19.9% | -8.5% |
| 2018 | +16.5% | +20.5% | -33.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Haitian Centers Council Inc 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, Haitian Centers Council Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is categorized differently, which is highly unusual for an organization with over $2 million in annual expenses.
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 Haitian Centers Council Inc's IRS 990 filings:
- Consistent operational deficits in multiple years (e.g., 202209, 202009, 201909), indicating expenses frequently exceed revenue.
- Relatively high liabilities compared to assets in some periods (e.g., 202209 liabilities of $768,497 against assets of $1,184,213).
Strengths
The following positive indicators were identified for Haitian Centers Council Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to directing funds to programs.
- Maintained consistent operational scale with revenues generally above $2 million in recent years, indicating sustained donor support and program activity.
- Long filing history (11 filings) provides a good track record for analysis.
Frequently Asked Questions about Haitian Centers Council Inc
Is Haitian Centers Council Inc a legitimate charity?
Haitian Centers Council Inc (EIN: 112648501) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Haitian Centers Council Inc spend its money?
Haitian Centers Council Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Haitian Centers Council Inc tax-deductible?
Haitian Centers Council Inc is registered as a tax-exempt nonprofit (EIN: 112648501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Haitian Centers Council Inc CEO make?
Haitian Centers Council Inc's highest-compensated officer earns $2 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Haitian Centers Council Inc's spending goes to programs?
Haitian Centers Council Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Haitian Centers Council Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Haitian Centers Council Inc is above average for NTEE category P840 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haitian Centers Council Inc located?
Haitian Centers Council Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112648501. It is classified under NTEE code P840.
How many years of IRS 990 filings does Haitian Centers Council Inc have?
Haitian Centers Council Inc has 11 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 $2.6M in total revenue.
Is Haitian Centers Council Inc. financially stable?
The organization operates on a tight margin, with expenses frequently matching or slightly exceeding revenue, as seen in the 202209 period where expenses ($2,636,465) were slightly higher than revenue ($2,566,969). While not accumulating significant surpluses, its consistent operational scale suggests a stable, albeit lean, financial footing.
How does Haitian Centers Council Inc. manage executive compensation?
Haitian Centers Council Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers. This is a significant point of transparency and efficiency, though it raises questions about how leadership is compensated or structured.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated, reaching a high of $1,537,906 in 201709 and standing at $1,184,213 in 202209. Liabilities have also varied, with the latest filing showing $768,497, which is a significant portion of its assets, suggesting a need to monitor its debt management.
Filing History
IRS 990 filing history for Haitian Centers Council Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Haitian Centers Council Inc's revenue has grown by 62%, moving from $1.6M to $2.6M. Total assets decreased by 3.7% over the same period, from $1.2M to $1.2M. Total functional expenses rose by 65.8%, from $1.6M to $2.6M. In its most recent filing year (2022), Haitian Centers Council Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $768K in liabilities against $1.2M in assets (debt-to-asset ratio: 64.9%), resulting in net assets of $416K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.6M | $2.6M | $1.2M | $768K | — | View 990 |
| 2021 | $3.1M | $3.0M | $1.4M | $902K | — | View 990 |
| 2020 | $2.7M | $2.7M | $1.5M | $1.1M | — | View 990 |
| 2019 | $3.3M | $3.5M | $940K | $370K | — | View 990 |
| 2018 | $2.8M | $2.9M | $1.0M | $422K | — | View 990 |
| 2017 | $2.4M | $2.4M | $1.5M | $477K | — | View 990 |
| 2016 | $1.9M | $1.9M | $1.4M | $276K | — | View 990 |
| 2014 | $1.5M | $1.5M | $1.4M | $346K | — | View 990 |
| 2013 | $1.6M | $1.6M | $1.3M | $203K | — | View 990 |
| 2012 | $1.6M | $1.7M | $1.4M | $341K | — | View 990 |
| 2011 | $1.6M | $1.6M | $1.2M | $180K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.6M, expenses of $2.6M, and assets of $1.2M (revenue -18.4% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.0M, and assets of $1.4M (revenue +18.4% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.7M, and assets of $1.5M (revenue -18.8% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.5M, and assets of $940K (revenue +18.0% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.9M, and assets of $1.0M (revenue +16.5% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.4M, and assets of $1.5M (revenue +25.3% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $1.4M (revenue +29.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $1.4M (revenue -9.1% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $1.3M (revenue -1.0% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.7M, and assets of $1.4M (revenue +2.9% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haitian Centers Council Inc:
Data Sources and Methodology
This transparency report for Haitian Centers Council 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.