Kahookamamalu II Inc

Analysis

Kahookamamalu II Inc is a registered charity in United States, based in Wailuku, HI. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kahookamamalu II Inc reported income of $105k and spending of $110k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $102k to $105k (+2.6%), an average of +0.6% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kahookamamalu II Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within HI. Charities of a similar size with the same main cause include Niagara Apartments Inc ($105k), Theodoro Place ($105k) and Spencer Community of Hope II Inc ($105k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $3,718 (3.4% of expenses). Other salaries and wages came to $8,848. At year end it held assets of $949k against liabilities of $48k, net assets of $901k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.