Hospice of Kona Inc

Analysis

Hospice of Kona Inc is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover human services, 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 December 2023, Hospice of Kona Inc reported income of $3.0m and spending of $3.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.0m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Kona Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within HI. Charities of a similar size with the same main cause include Kauai Economic Opportunity Incorporated ($3.0m), Spanish Catholic Center Inc ($3.0m) and A Act of Love Alternative Options & Services for Todays Children ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $396k (12% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.5m against liabilities of $1.3m, net assets of $1.2m. It reported 29 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.