Nuhou Corporation

Analysis

Nuhou Corporation is a registered charity in United States, based in Lihue, HI. It received its IRS tax-exemption ruling in July 1975, 51 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nuhou Corporation reported income of $543k and spending of $2.3m, spending 419% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $701k to $543k (-22%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 218% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nuhou Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within HI. Charities of a similar size with the same main cause include Lutheran Pastoral Counseling Ministry Inc ($543k), Jewish Family Assistance Fund ($543k) and Dover Youth Hockey Association Inc Dover Arena ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $111k (4.9% of expenses). Other salaries and wages came to $864k. At year end it held assets of $18.6m against liabilities of $2.5m, net assets of $16.1m. It reported 25 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.