Hoola Veteran Services

Analysis

Hoola Veteran Services is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hoola Veteran Services reported income of $1.4m and spending of $1.1m, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $891k to $1.4m (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hoola Veteran Services 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 83rd percentile, and in the 83rd percentile within HI. Charities of a similar size with the same main cause include Global Ent Outreach ($1.4m), Mc2 Community Development Corporation ($1.4m) and Faithworks Health and Wellness Institute ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (7.2% of expenses). Other salaries and wages came to $219k. At year end it held assets of $269k against liabilities of $0, net assets of $269k.