Project Vision Hawaii

Analysis

Project Vision Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Project Vision Hawaii reported income of $6.1m and spending of $6.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $6.1m (+460%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Vision Hawaii sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within HI. Charities of a similar size with the same main cause include Northern Lights Services Inc ($6.1m), Glynn-Brunswick Memorial Hospital Authority ($6.1m) and On with Life Extended Services Ltd ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $191k (2.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.2m against liabilities of $2.7m, net assets of $1.5m. It reported 119 employees.