Pono Homes Inc

Analysis

Pono Homes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2008, 18 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, Pono Homes Inc reported income of $56k and spending of $103k, spending 184% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $52k to $56k (+8.4%), an average of +2.7% a year. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pono Homes Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Synergy Village ($56k), L & S Housing Corporation ($56k) and Pauls Place Support for Families ($56k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $15k. At year end it held assets of $738k against liabilities of $1.1m, net assets of -$372k.

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.