Pacific Housing Assistance Corp

Analysis

Pacific Housing Assistance Corp is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 1980, 46 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 June 2023, Pacific Housing Assistance Corp reported income of $2.4m and spending of $5.3m, spending 216% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pacific Housing Assistance Corp 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 88th percentile, and in the 88th percentile within HI. Charities of a similar size with the same main cause include Christian Senior Housing Foundation Inc ($2.4m), Village of Merici Inc ($2.4m) and San Lorenzo Ruiz Center Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $186k (3.5% of expenses). Other salaries and wages came to $393k. At year end it held assets of $50.1m against liabilities of $25.1m, net assets of $25.0m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.