Kohala Union Housing Corporation

Analysis

Kohala Union Housing Corporation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in July 1987, 39 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, Kohala Union Housing Corporation reported income of $229k and spending of $244k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $229k (+3.5%), an average of +0.9% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kohala Union Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within HI. Charities of a similar size with the same main cause include Coshocton Area Housing Corporation ($229k), Academy Garden Apartments Inc ($229k) and Hudson Senior Housing Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $307k against liabilities of $938k, net assets of -$632k.