Canada France Hawaii Telescope Corporation

Analysis

Canada France Hawaii Telescope Corporation is a registered charity in United States, based in Kamuela, HI. It received its IRS tax-exemption ruling in January 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Canada France Hawaii Telescope Corporation reported income of $9.8m and spending of $10.3m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.9m to $9.8m (+9.7%), an average of +2.4% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canada France Hawaii Telescope Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within HI. Charities of a similar size with the same main cause include Connecticut Alliance to End Sexual Violence Inc ($9.8m), Jewish Vocational Service Bureau of Kansas City ($9.8m) and Greenwich Emergency Medical Service Incorporated ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $953k (9.2% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $13.9m against liabilities of $949k, net assets of $12.9m. It reported 50 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.