He Ala Hou O Ke Ola Inc

Analysis

He Ala Hou O Ke Ola Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, He Ala Hou O Ke Ola Inc reported income of $569k and spending of $591k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $284k to $569k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, He Ala Hou O Ke Ola Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within HI. Charities of a similar size with the same main cause include Advantage Housing Inc ($568k), Texas Community Builders ($569k) and Neighborhood Renewal Housing Development Fund Corporation ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $58k against liabilities of $409k, net assets of -$351k.