Family Promise of Hawaii

Analysis

Family Promise of Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Family Promise of Hawaii reported income of $2.3m and spending of $2.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $694k to $2.3m (+235%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 281%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Hawaii sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within HI. Charities of a similar size with the same main cause include Friends of Lake Leelanau ($2.3m), Georgia Resources for Children Inc ($2.3m) and Eastern Star Endowment Fund ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $118k (5.6% of expenses). Other salaries and wages came to $670k. At year end it held assets of $4.3m against liabilities of $82k, net assets of $4.2m. It reported 22 employees.