Homeaid Hawaii

Analysis

Homeaid Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 2023, 3 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, Homeaid Hawaii reported income of $2.2m and spending of $2.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $2.2m (+791%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 838%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeaid Hawaii sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within HI. Charities of a similar size with the same main cause include Bread of Life Ministries Inc ($2.2m), Jefferson Center Inc ($2.2m) and Reclaim Round II Housing Development Fund Corporation ($2.2m).

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 $165k (6.7% of expenses). Other salaries and wages came to $17k. At year end it held assets of $1.1m against liabilities of $28k, net assets of $1.1m. It reported 3 employees.