Hawaii Homeownership Center

Analysis

Hawaii Homeownership Center is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 2003, 23 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, Hawaii Homeownership Center reported income of $986k and spending of $956k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $821k to $986k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hawaii Homeownership Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within HI. Charities of a similar size with the same main cause include Area Congregations Together Inc ($985k), Future Choices Inc ($986k) and Chateau Cushnoc Inc ($985k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $88k (9.2% of expenses). Other salaries and wages came to $227k. At year end it held assets of $2.3m against liabilities of $61k, net assets of $2.2m. It reported 5 employees.