Hope Services Hawaii Inc

Analysis

Hope Services Hawaii Inc is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hope Services Hawaii Inc reported income of $10.9m and spending of $10.7m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.1m to $10.9m (+79%), an average of +16% a year. The sharpest change came in the year to August 2020, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Services Hawaii Inc sits at the 96th percentile: it is larger than about 96% 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 Elk Haven Nursing Home Association ($10.9m), Vernon Area Rehabilitation Center Inc ($10.9m) and Ridgeline Academy Inc ($10.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $199k (1.9% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $6.8m against liabilities of $1.8m, net assets of $5.0m. It reported 138 employees.