Hilo Arc Housing Corporation No 1

Analysis

Hilo Arc Housing Corporation No 1 is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in October 1991, 35 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 June 2023, Hilo Arc Housing Corporation No 1 reported income of $259k and spending of $195k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $212k to $259k (+22%), an average of +5.0% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hilo Arc Housing Corporation No 1 sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within HI. Charities of a similar size with the same main cause include Bridges Training Foundation ($259k), John George Home Foundation ($259k) and Swartz Creek Area Senior Citizens Inc ($259k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 91% of the total. At year end it held assets of $205k against liabilities of $550k, net assets of -$345k.