Hawaii Foodbank

Analysis

Hawaii Foodbank is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Hawaii Foodbank reported income of $42.3m and spending of $43.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.7m to $42.3m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2020, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hawaii Foodbank 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 Cornerstone Service Inc ($42.3m), United Methodist Retirement Communities Inc ($42.3m) and Hammer Residences Inc ($42.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $656k (1.5% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $32.5m against liabilities of $1.7m, net assets of $30.8m. It reported 87 employees.