Palolo Chinese Home

Analysis

Palolo Chinese Home is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 1945, 81 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Palolo Chinese Home reported income of $21.1m and spending of $20.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.7m to $21.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palolo Chinese Home sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within HI. Charities of a similar size with the same main cause include Community Action Partnership of Strafford County ($21.1m), The Sarah Community ($21.1m) and Judson Center Inc ($21.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $284k (1.4% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $31.6m against liabilities of $7.7m, net assets of $23.9m. It reported 217 employees.