Lihue Court Townhomes Corporation

Analysis

Lihue Court Townhomes Corporation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lihue Court Townhomes Corporation reported income of $2.0m and spending of $1.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.0m (+16%), an average of +3.9% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lihue Court Townhomes Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within HI. Charities of a similar size with the same main cause include Lucas Housing Services Corporation ($2.0m), Jaycee-Hdc Inc ($2.0m) and Habitat for Humanity International Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $487k. At year end it held assets of $6.6m against liabilities of $11.0m, net assets of -$4.3m. It reported 11 employees.