Molokai Community Service Council Inc

Analysis

Molokai Community Service Council Inc is a registered charity in United States, based in Kaunakakai, HI. It received its IRS tax-exemption ruling in May 1975, 51 years ago. 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, Molokai Community Service Council Inc reported income of $594k and spending of $594k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $860k to $594k (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Molokai Community Service Council Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within HI. Charities of a similar size with the same main cause include Fairbanks Library Foundation ($594k), Mlac Inc ($594k) and Rainbow Therapeutic Riding Center ($594k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $42k (7.0% of expenses). Other salaries and wages came to $171k. At year end it held assets of $2.5m against liabilities of $44k, net assets of $2.5m. It reported 15 employees.

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.