Hawaii Community Lending

Analysis

Hawaii Community Lending is a registered charity in United States, based in Waimanalo, HI. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Hawaii Community Lending reported income of $8.8m and spending of $7.5m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $221k to $8.8m (+3876%), an average of +151% a year. The sharpest change came in the year to September 2020, when income rose by 2387%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hawaii Community Lending sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within HI. Charities of a similar size with the same main cause include Community Action Partnership of Providence ($8.8m), Superior Direct Care Inc ($8.8m) and Mayors Youth Empowerment Program ($8.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $99k (1.3% of expenses). Other salaries and wages came to $837k. At year end it held assets of $9.0m against liabilities of $5.0m, net assets of $4.0m. It reported 15 employees.