Hope For Haiti Foundation
EIN: 562157424 · Cary, NC · NTEE: Q30
Is Hope For Haiti Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope For Haiti Foundation
Hope For Haiti Foundation (EIN: 562157424) is a nonprofit organization based in Cary, NC, classified under NTEE code Q30. The organization reported total revenue of $356K and total assets of $105K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope For Haiti Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Hope For Haiti Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope For Haiti Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Hope For Haiti Foundation
Is Hope For Haiti Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope For Haiti Foundation (EIN: 562157424) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope For Haiti Foundation spend its money?
Detailed spending breakdown data is not yet available for Hope For Haiti Foundation. Check back for updated IRS 990 analysis.
Are donations to Hope For Haiti Foundation tax-deductible?
Hope For Haiti Foundation is registered as a tax-exempt nonprofit (EIN: 562157424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hope For Haiti Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Hope For Haiti Foundation's revenue has declined by 29%, moving from $361K to $256K. Total assets decreased by 45.6% over the same period, from $219K to $119K. Total functional expenses fell by 19.6%, from $357K to $287K. In its most recent filing year (2023), Hope For Haiti Foundation reported a deficit of $31K, with expenses exceeding revenue. The organization holds $149K in liabilities against $119K in assets (debt-to-asset ratio: 124.8%), resulting in net assets of $-29,548.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $256K | $287K | $119K | $149K | — | View 990 |
| 2022 | $206K | $233K | $150K | $149K | — | — |
| 2021 | $193K | $233K | $178K | $149K | — | View 990 |
| 2020 | $81K | $97K | $218K | $149K | — | View 990 |
| 2020 | $196K | $145K | $88K | $665 | — | View 990 |
| 2019 | $201K | $265K | $39K | $2K | — | — |
| 2018 | $437K | $458K | $124K | $3K | — | View 990 |
| 2017 | $585K | $413K | $179K | $38K | — | View 990 |
| 2016 | $388K | $286K | $138K | $41K | — | View 990 |
| 2015 | $305K | $336K | $33K | $37K | — | — |
| 2014 | $426K | $447K | $43K | $17K | — | View 990 |
| 2013 | $460K | $513K | $82K | $27K | — | View 990 |
| 2012 | $489K | $559K | $112K | $4K | — | View 990 |
| 2011 | $361K | $357K | $219K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $256K, expenses of $287K, and assets of $119K (revenue +24.5% year-over-year).
- 2022: Revenue of $206K, expenses of $233K, and assets of $150K (revenue +6.5% year-over-year).
- 2021: Revenue of $193K, expenses of $233K, and assets of $178K (revenue +139.0% year-over-year).
- 2020: Revenue of $81K, expenses of $97K, and assets of $218K (revenue -58.8% year-over-year).
- 2020: Revenue of $196K, expenses of $145K, and assets of $88K (revenue -2.5% year-over-year).
- 2019: Revenue of $201K, expenses of $265K, and assets of $39K (revenue -54.0% year-over-year).
- 2018: Revenue of $437K, expenses of $458K, and assets of $124K (revenue -25.4% year-over-year).
- 2017: Revenue of $585K, expenses of $413K, and assets of $179K (revenue +51.0% year-over-year).
- 2016: Revenue of $388K, expenses of $286K, and assets of $138K (revenue +26.9% year-over-year).
- 2015: Revenue of $305K, expenses of $336K, and assets of $33K (revenue -28.3% year-over-year).
- 2014: Revenue of $426K, expenses of $447K, and assets of $43K (revenue -7.5% year-over-year).
- 2013: Revenue of $460K, expenses of $513K, and assets of $82K (revenue -5.9% year-over-year).
- 2012: Revenue of $489K, expenses of $559K, and assets of $112K (revenue +35.7% year-over-year).
- 2011: Revenue of $361K, expenses of $357K, and assets of $219K.
Data Sources and Methodology
This transparency report for Hope For Haiti Foundation 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.