Komohale Services

Analysis

Komohale Services is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Komohale Services reported income of $327k and spending of $300k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $249k to $327k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Komohale Services sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within HI. Charities of a similar size with the same main cause include 1055 College Avenue Housing Development Fund Corp ($327k), Community Action Shelter Associates Inc ($327k) and Red Bridge Place Housing Corporation ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $191k (64% of expenses). Other salaries and wages came to $48k. At year end it held assets of $31k against liabilities of $6,531, net assets of $25k. It reported 3 employees.