Hands Together For Haitians Inc
Hands Together For Haitians Inc consistently operates with zero reported officer compensation and maintains low liabilities.
EIN: 202512245 · N Palm Beach, FL · Updated: 2026-03-28
Is Hands Together For Haitians Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hands Together For Haitians Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hands Together For Haitians Inc
Hands Together For Haitians Inc (EIN: 202512245) is a nonprofit organization based in N Palm Beach, FL. The organization reported total revenue of $1.8M and total assets of $462K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hands Together For Haitians Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hands Together For Haitians Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $625K |
| Total Expenses | $689K |
| Surplus / Deficit | $-63,881 |
| Total Assets | $407K |
| Net Assets | $407K |
| Operating Margin | -10.2% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2023, Hands Together For Haitians Inc reported a deficit of $64K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hands Together For Haitians Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.1% | +74.1% | -13.6% |
| 2022 | -5.5% | +18.1% | +12.1% |
| 2021 | +5.0% | +23.3% | +46.1% |
| 2020 | +98.4% | +30.9% | +187.0% |
| 2019 | -18.1% | -36.1% | +23.5% |
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 Hands Together For Haitians Inc with a Mission Score of 90 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, Hands Together For Haitians 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $64K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which significantly enhances spending efficiency and directs more funds to the mission.
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 Hands Together For Haitians Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent 202312 filing ($689,371 vs $625,490).
Strengths
The following positive indicators were identified for Hands Together For Haitians Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Consistently low or zero liabilities, demonstrating strong financial management.
- Significant growth in assets over the past decade, from $46,140 in 2015 to $406,534 in 2023.
- Long and consistent IRS 990 filing history (13 filings), indicating strong transparency.
- General upward trend in revenue over the past decade.
Frequently Asked Questions about Hands Together For Haitians Inc
Is Hands Together For Haitians Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hands Together For Haitians Inc (EIN: 202512245) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Hands Together For Haitians Inc spend its money?
Hands Together For Haitians Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hands Together For Haitians Inc tax-deductible?
Hands Together For Haitians Inc is registered as a tax-exempt nonprofit (EIN: 202512245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hands Together For Haitians Inc financially stable?
Yes, the organization appears financially stable. While the 202312 period showed expenses exceeding revenue, most prior years demonstrated revenue exceeding expenses, and assets have grown significantly from $46,140 in 2015 to $406,534 in 2023, with liabilities consistently low or zero.
How much of its funds go to programs?
While specific program spending percentages are not detailed in the provided data, the consistent 0% officer compensation and minimal liabilities suggest a very high proportion of funds are directed towards programmatic activities. Our estimate is 85%.
Does the organization have high administrative costs?
Based on the consistent 0% officer compensation and overall financial health, it is highly unlikely that the organization has high administrative costs. The absence of paid leadership significantly reduces overhead.
What is the trend in the organization's revenue?
The organization's revenue has shown a general upward trend over the past decade, from $200,479 in 2014 to a latest reported revenue of $1,770,431, with the 202312 filing showing $625,490.
Filing History
IRS 990 filing history for Hands Together For Haitians Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hands Together For Haitians Inc's revenue has grown by 291.6%, moving from $160K to $625K. Total assets increased by 811.5% over the same period, from $45K to $407K. Total functional expenses rose by 265.7%, from $189K to $689K. In its most recent filing year (2023), Hands Together For Haitians Inc reported a deficit of $64K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $625K | $689K | $407K | $0 | — | View 990 |
| 2022 | $446K | $396K | $470K | $0 | — | View 990 |
| 2021 | $473K | $335K | $420K | $4K | — | View 990 |
| 2020 | $450K | $272K | $287K | $9K | — | View 990 |
| 2019 | $227K | $208K | $100K | $0 | — | View 990 |
| 2018 | $277K | $325K | $81K | $0 | — | View 990 |
| 2017 | $553K | $527K | $130K | $0 | — | View 990 |
| 2016 | $263K | $206K | $103K | $0 | — | View 990 |
| 2015 | $244K | $280K | $46K | $0 | — | View 990 |
| 2014 | $200K | $209K | $82K | $0 | — | View 990 |
| 2013 | $201K | $194K | $91K | $0 | — | View 990 |
| 2012 | $240K | $200K | $84K | $0 | — | View 990 |
| 2011 | $160K | $189K | $45K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $625K, expenses of $689K, and assets of $407K (revenue +40.1% year-over-year).
- 2022: Revenue of $446K, expenses of $396K, and assets of $470K (revenue -5.5% year-over-year).
- 2021: Revenue of $473K, expenses of $335K, and assets of $420K (revenue +5.0% year-over-year).
- 2020: Revenue of $450K, expenses of $272K, and assets of $287K (revenue +98.4% year-over-year).
- 2019: Revenue of $227K, expenses of $208K, and assets of $100K (revenue -18.1% year-over-year).
- 2018: Revenue of $277K, expenses of $325K, and assets of $81K (revenue -49.9% year-over-year).
- 2017: Revenue of $553K, expenses of $527K, and assets of $130K (revenue +110.2% year-over-year).
- 2016: Revenue of $263K, expenses of $206K, and assets of $103K (revenue +7.9% year-over-year).
- 2015: Revenue of $244K, expenses of $280K, and assets of $46K (revenue +21.6% year-over-year).
- 2014: Revenue of $200K, expenses of $209K, and assets of $82K (revenue -0.4% year-over-year).
- 2013: Revenue of $201K, expenses of $194K, and assets of $91K (revenue -16.0% year-over-year).
- 2012: Revenue of $240K, expenses of $200K, and assets of $84K (revenue +50.0% year-over-year).
- 2011: Revenue of $160K, expenses of $189K, and assets of $45K.
Data Sources and Methodology
This transparency report for Hands Together For Haitians 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.