Hawaii County Economic Opportunity Council

Analysis

Hawaii County Economic Opportunity Council is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in February 1971, 55 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 September 2023, Hawaii County Economic Opportunity Council reported income of $4.9m and spending of $4.8m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $4.9m (+111%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 193%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hawaii County Economic Opportunity Council sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within HI. Charities of a similar size with the same main cause include Warren County Pathfinders ($4.9m), Asian Youth Center ($4.9m) and Mississippi United to End Homelessness ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $76k (1.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.2m against liabilities of $387k, net assets of $2.8m. It reported 62 employees.