The Haitian Project Inc
The Haitian Project: Strong Mission, High Program Spending, but Declining Revenue
EIN: 222700013 · Providence, RI · NTEE: Q300 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $7.6M |
| Transparency Score | 85/100 |
Is The Haitian Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Haitian Project Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Haitian Project Inc
The Haitian Project Inc (EIN: 222700013) is a nonprofit organization based in Providence, RI, classified under NTEE code Q300. The organization reported total revenue of $5.4M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Haitian Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Haitian Project Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$2.5M |
| Total Assets | $7.6M |
| Total Liabilities | $15K |
| Net Assets | $7.6M |
| Operating Margin | 53.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 41.9 months |
Financial Health Grade: A
In 2023, The Haitian Project Inc reported a surplus of $2.5M with revenue exceeding expenses, holds 41.9 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), The Haitian Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.1% | -0.3% | +60.2% |
| 2022 | -15.6% | -9.3% | -17.5% |
| 2021 | +3.3% | +33.8% | -9.4% |
| 2020 | +28.8% | -8.2% | +16.5% |
| 2019 | -49.7% | -1.5% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 The Haitian Project 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, The Haitian Project 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 surplus of $2.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% for all listed officers, which is highly unusual for an organization of this size and suggests potential underreporting or alternative compensation structures.
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 The Haitian Project Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for key employees across multiple years raises questions about the accuracy and completeness of financial disclosures.
- Significant decline in revenue from $5,369,679 in 2023 to $1,857,942 in 2022, and then a rebound to $4,647,242 in 2023, indicates potential instability or reliance on large, infrequent donations.
- The organization's liabilities have fluctuated, with a notable increase to $49,189 in 2018, though generally remaining low.
Strengths
The following positive indicators were identified for The Haitian Project Inc:
- High percentage of spending consistently allocated to programs (e.g., 85% in 2023 based on available data), indicating a strong commitment to its mission.
- The organization maintains a healthy asset base, with assets consistently exceeding liabilities.
- Long operational history with consistent financial reporting, demonstrating stability and longevity.
Frequently Asked Questions about The Haitian Project Inc
Is The Haitian Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Haitian Project Inc (EIN: 222700013) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does The Haitian Project Inc spend its money?
The Haitian Project Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Haitian Project Inc tax-deductible?
The Haitian Project Inc is registered as a tax-exempt nonprofit (EIN: 222700013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Haitian Project Inc's spending goes to programs?
The Haitian Project Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Haitian Project Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Haitian Project Inc is above average for NTEE category Q300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Haitian Project Inc located?
The Haitian Project Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 222700013. It is classified under NTEE code Q300.
How many years of IRS 990 filings does The Haitian Project Inc have?
The Haitian Project Inc 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 $5.4M in total revenue.
What does The Haitian Project Inc do?
The Haitian Project Inc is a nonprofit organization in the International & Foreign Affairs sector, located in Providence, Rhode Island. It is classified under NTEE code Q300.
How much revenue does The Haitian Project Inc have?
The Haitian Project Inc reported total revenue of $5,369,679. Based on 13 IRS 990 filings on record.
What are The Haitian Project Inc's total assets?
The Haitian Project Inc holds total assets of $9,696,091 as reported in IRS 990 filings.
Where is The Haitian Project Inc located?
The Haitian Project Inc is based in Providence, Rhode Island.
What is The Haitian Project Inc's EIN?
The Haitian Project Inc's Employer Identification Number (EIN) is 222700013. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Haitian Project Inc?
The Haitian Project Inc is classified under NTEE code Q300 (International & Foreign Affairs).
Is The Haitian Project Inc a registered 501(c)(3)?
Yes, The Haitian Project Inc is recognized as a tax-exempt organization by the IRS. EIN: 222700013.
Does The Haitian Project Inc file IRS Form 990?
Yes, The Haitian Project Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Haitian Project Inc's revenue in 2023?
In the 202312 filing period, The Haitian Project Inc reported total revenue of $4,647,242, total expenses of $2,176,250, and net assets of $7,590,164.
Is The Haitian Project Inc's revenue growing or declining?
The Haitian Project Inc's revenue is growing. Revenue went from $1,857,942 (202212) to $4,647,242 (202312), a +150.1% change. Based on 13 filings on record.
What is The Haitian Project Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Haitian Project Inc covers tax period 202312. It shows revenue of $4,647,242, expenses of $2,176,250, total assets of $7,590,164, and liabilities of $14,910.
How much does The Haitian Project Inc spend on programs vs administration?
Based on IRS 990 analysis, The Haitian Project Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Haitian Project Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Haitian Project Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for The Haitian Project Inc?
The following concerns were identified: Consistent reporting of 0% compensation for key employees across multiple years raises questions about the accuracy and completeness of financial disclosures.. Significant decline in revenue from $5,369,679 in 2023 to $1,857,942 in 2022, and then a rebound to $4,647,242 in 2023, indicates potential instability or reliance on large, infrequent donations.. The organization's liabilities have fluctuated, with a notable increase to $49,189 in 2018, though generally remaining low.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Haitian Project Inc's strengths?
Positive indicators for The Haitian Project Inc include: High percentage of spending consistently allocated to programs (e.g., 85% in 2023 based on available data), indicating a strong commitment to its mission.. The organization maintains a healthy asset base, with assets consistently exceeding liabilities.. Long operational history with consistent financial reporting, demonstrating stability and longevity.. These findings are derived from AI analysis of the organization's financial filings.
How does The Haitian Project Inc compensate executives?
Executive compensation is reported as 0% for all listed officers, which is highly unusual for an organization of this size and suggests potential underreporting or alternative compensation structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% executive compensation, how does the organization attract and retain qualified leadership, and what are the actual costs associated with their leadership?
The consistent reporting of 0% compensation for key employees suggests that leadership may be entirely volunteer-based, compensated through non-monetary means, or that compensation is being reported under different categories. This warrants further inquiry into their operational model and financial transparency practices.
What factors contributed to the significant revenue fluctuations observed between 2022 ($1,857,942) and 2023 ($4,647,242), and how does the organization plan to stabilize its funding streams?
The sharp increase in revenue from 2022 to 2023, following a decline from 2021, indicates potential reliance on large, one-time donations or grants. Understanding the specific sources of these fluctuations is crucial for assessing the sustainability and predictability of their funding model.
Filing History
IRS 990 filing history for The Haitian Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Haitian Project Inc's revenue has grown by 310.9%, moving from $1.1M to $4.6M. Total assets increased by 268.9% over the same period, from $2.1M to $7.6M. Total functional expenses rose by 81.9%, from $1.2M to $2.2M. In its most recent filing year (2023), The Haitian Project Inc reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $15K in liabilities against $7.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $2.2M | $7.6M | $15K | — | — |
| 2022 | $1.9M | $2.2M | $4.7M | $92 | — | View 990 |
| 2021 | $2.2M | $2.4M | $5.7M | $0 | — | View 990 |
| 2020 | $2.1M | $1.8M | $6.3M | $1K | — | View 990 |
| 2019 | $1.7M | $2.0M | $5.4M | $2K | — | View 990 |
| 2018 | $3.3M | $2.0M | $5.4M | $49K | — | View 990 |
| 2017 | $2.0M | $1.4M | $4.3M | $58K | — | View 990 |
| 2016 | $1.3M | $1.1M | $3.5M | $56K | — | View 990 |
| 2015 | $1.4M | $1.3M | $3.3M | $56K | — | View 990 |
| 2014 | $1.4M | $1.1M | $2.5M | $37K | — | View 990 |
| 2013 | $1.1M | $1.1M | $2.3M | $21K | — | View 990 |
| 2012 | $1.2M | $1.1M | $2.2M | $9K | — | View 990 |
| 2011 | $1.1M | $1.2M | $2.1M | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $2.2M, and assets of $7.6M (revenue +150.1% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.2M, and assets of $4.7M (revenue -15.6% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.4M, and assets of $5.7M (revenue +3.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.8M, and assets of $6.3M (revenue +28.8% year-over-year).
- 2019: Revenue of $1.7M, expenses of $2.0M, and assets of $5.4M (revenue -49.7% year-over-year).
- 2018: Revenue of $3.3M, expenses of $2.0M, and assets of $5.4M (revenue +67.2% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.4M, and assets of $4.3M (revenue +51.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.1M, and assets of $3.5M (revenue -7.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $3.3M (revenue -0.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.1M, and assets of $2.5M (revenue +23.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $2.3M (revenue -1.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $2.2M (revenue +3.5% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Haitian Project Inc:
Data Sources and Methodology
This transparency report for The Haitian Project 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.