Mahalo Homes Inc

Analysis

Mahalo Homes Inc is a registered charity in United States, based in Pikesville, MD. It received its IRS tax-exemption ruling in May 2009, 17 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 June 2023, Mahalo Homes Inc reported income of $62k and spending of $101k, spending 163% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $56k to $62k (+12%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mahalo Homes Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include Hope Coalition ($62k), House of Hope Ministries ($62k) and Spectrum for Living Hillsdale Property Inc ($62k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $949k against liabilities of $1.4m, net assets of -$429k.

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.