Annual Financial Report – 2025

Posted Thursday April 23, 2026 by Greg Smith

Annual Financial Report – 2025

Thought some of you might be interested in this – I just got done filing the annual statements for The Haiti Fund required by the IRS and the SC Secretary of State – here’s how the 2025 financials broke down, as far as what percentage of our funding went to what costs:

  • 89.3% – Various ministries at the St Michel Orphanage (40.7% – Helping with the costs of food for the children; 39.5% – Clothing, shoes, uniforms, backpacks, and school supplies; 4.1% – Tires for the truck used by both the Orphanage and the Church; 3.6% – Christmas presents and Christmas dinner for the children; 1.4% – Miscellaneous medical and humanitarian needs)
  • 8.2% – Expenses for conducting various ministry activities on 2025 mission trips *

So that’s a total of 97.5% that went directly to our mission projects.

The total for all administrative costs** was only 2.5%, which includes wire transfer fees***; website hosting and domain registration; PayPal credit card processing fees; annual filing fees with the SC Secretary of State’s Office; office supplies; printing; and postage.

* Funding earmarked by the donors for this specific purpose

** All administrative costs are paid for by Haiti Fund Board Members – none of it comes from your donations

*** Good news! In the past, wire transfer fees have been our biggest administrative expense, but we’ve recently found a way to eliminate those fees entirely – so as of 2026 those costs are now $0.00! 😊

All contributions to The Haiti Fund are used only for the purpose which the donor has earmarked them for.

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