Mid-Pacific Institute

Analysis

Mid-Pacific Institute is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 1946, 80 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Mid-Pacific Institute reported income of $56.8m and spending of $44.0m, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $45.4m to $56.8m (+25%), an average of +5.7% a year. The sharpest change came in the year to July 2022, when income rose by 51%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Pacific Institute sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within HI. Charities of a similar size with the same main cause include Risewell Community Services Inc ($56.8m), Menlo College ($56.9m) and Medical Education Assistance Corporation ($56.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.9m (4.3% of expenses). Other salaries and wages came to $18.7m. It paid $95k in professional fundraising fees. At year end it held assets of $123.1m against liabilities of $27.5m, net assets of $95.6m. It reported 527 employees.