Hale Mahaolu

Analysis

Hale Mahaolu is a registered charity in United States, based in Kahului, HI. It received its IRS tax-exemption ruling in August 1971, 55 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, Hale Mahaolu reported income of $14.5m and spending of $12.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.5m to $14.5m (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hale Mahaolu 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 96th percentile, and in the 97th percentile within HI. Charities of a similar size with the same main cause include House of Ruth ($14.5m), Pico-Union Housing Corporation ($14.5m) and Habitat for Humanity International Inc ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $262k (2.1% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $65.1m against liabilities of $10.6m, net assets of $54.5m. It reported 130 employees.