St Francis Healthcare System of Hawaii

Analysis

St Francis Healthcare System of Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Francis Healthcare System of Hawaii reported income of $10.8m and spending of $15.1m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.2m to $10.8m (-51%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 48%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Francis Healthcare System of Hawaii sits at the 96th percentile: it is larger than about 96% 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 Gaston Christian Schools Inc ($10.8m), Neural Information Processing Systems Foundation Inc ($10.8m) and Junior Achievement USA ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $791k (5.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $121.0m against liabilities of $176.2m, net assets of -$55.3m. It reported 94 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.