Hamakua Health Center Inc

Analysis

Hamakua Health Center Inc is a registered charity in United States, based in Honokaa, HI. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hamakua Health Center Inc reported income of $10.2m and spending of $10.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $10.2m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hamakua Health Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within HI. Charities of a similar size with the same main cause include Graceville Health Center ($10.1m), Crosspoint Human Services ($10.2m) and Upper Bay Counseling & Support SVCS Inc ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $551k (5.3% of expenses). Other salaries and wages came to $5.4m. It paid $35k in professional fundraising fees. At year end it held assets of $6.1m against liabilities of $2.8m, net assets of $3.3m. It reported 119 employees.