The Compass Foundation

Analysis

The Compass Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, The Compass Foundation reported income of $204k and spending of $344k, spending 169% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income grew from $101k to $204k (+102%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 210%. Over the whole period it spent 185% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Compass Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within HI. Charities of a similar size with the same main cause include Jacks Corner Foundation Inc ($204k), Memorial Hospital Foundation ($204k) and Marathon for a Better Life Inc ($204k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 76% of the total. At year end it held assets of $635k against liabilities of $63k, net assets of $572k.

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.