Kalihi Palama Health Center

Analysis

Kalihi Palama Health Center is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 1976, 50 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kalihi Palama Health Center reported income of $35.7m and spending of $34.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.0m to $35.7m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kalihi Palama Health Center sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within HI. Charities of a similar size with the same main cause include Keswick Multi Care Center Inc ($35.7m), New Charlotte Corporation ($35.9m) and National Center on Institutions and Alternatives Inc ($35.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $956k (2.7% of expenses). Other salaries and wages came to $15.6m. At year end it held assets of $32.8m against liabilities of $10.6m, net assets of $22.2m. It reported 309 employees.