Hawaii Island Community Development Corporation

Analysis

Hawaii Island Community Development Corporation is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in March 1991, 35 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 December 2023, Hawaii Island Community Development Corporation reported income of $2.2m and spending of $1.3m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $832k to $2.2m (+166%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hawaii Island Community Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within HI. Charities of a similar size with the same main cause include National Affordable Housing Foundation Taunton Inc ($2.2m), Shelters of Saratoga Inc ($2.2m) and Casa Otonal Housing Corporation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $276k (21% of expenses). Other salaries and wages came to $434k. At year end it held assets of $43.4m against liabilities of $30.2m, net assets of $13.2m. It reported 9 employees.