Kekaulike Courtyards Corporation

Analysis

Kekaulike Courtyards Corporation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 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, Kekaulike Courtyards Corporation reported income of $831k and spending of $843k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $693k to $831k (+20%), an average of +4.6% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kekaulike Courtyards Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within HI. Charities of a similar size with the same main cause include Minnesota Odd Fellows Housing for the Elderly ($831k), Fairview Park Senior Apartment Corporation ($831k) and Guadalupe Economic Services Corporation ($831k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $183k. At year end it held assets of $2.4m against liabilities of $7.2m, net assets of -$4.8m. It reported 4 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.