Kamaaina Hale Apartments

Analysis

Kamaaina Hale Apartments is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in October 2020, 6 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 June 2024, Kamaaina Hale Apartments reported income of $2.0m and spending of $1.5m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.0m (+23%), an average of +5.3% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kamaaina Hale Apartments 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 Episcopal Church Home Foundation Inc ($2.0m), Homes for Iowa Inc ($2.0m) and Northeastern Conference House Housing Development Fund Co Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $214k. At year end it held assets of $2.1m against liabilities of $179k, net assets of $1.9m.