Hawaii Hospital Education and Research Foundation

Analysis

Hawaii Hospital Education and Research Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Hawaii Hospital Education and Research Foundation reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $619k to $4.0m (+548%), an average of +60% a year. The sharpest change came in the year to June 2021, when income rose by 249%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hawaii Hospital Education and Research Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within HI. Charities of a similar size with the same main cause include Vista Adult Services Organization ($4.0m), Harrington Family Health Center ($4.0m) and Baptist Health Foundation Greater Louisville Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $227k (5.6% of expenses). Other salaries and wages came to $712k. At year end it held assets of $3.9m against liabilities of $2.2m, net assets of $1.7m. It reported 12 employees.