Molokai General Hospital

Analysis

Molokai General Hospital is a registered charity in United States, based in Kaunakakai, HI. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Molokai General Hospital reported income of $23.0m and spending of $47.6m, spending 207% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $23.0m (+61%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Molokai General Hospital sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within HI. Charities of a similar size with the same main cause include Cornerstone Care Inc ($23.0m), Community Home Health Services Inc ($23.0m) and Los Angeles Christian Health Centers ($23.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $207k (0.4% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $31.0m against liabilities of $32.5m, net assets of -$1.5m. It reported 107 employees.