Pacific Housing Oahu Corporation Elderly Residence

Analysis

Pacific Housing Oahu Corporation Elderly Residence is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in July 1996, 30 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, Pacific Housing Oahu Corporation Elderly Residence reported income of $317k and spending of $519k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $317k (+7.9%), an average of +1.9% a year. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pacific Housing Oahu Corporation Elderly Residence sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within HI. Charities of a similar size with the same main cause include Loretto-Malta Manor Housing Development Fund Company Inc ($317k), Los Angeles Center for Community Law and Action ($317k) and Fair Housing Center of Northern Alabama ($317k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.3m against liabilities of $1.1m, net assets of $2.2m.

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.