Hawaii Residency Program Inc Trust for Professional Liability

Analysis

Hawaii Residency Program Inc Trust for Professional Liability is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hawaii Residency Program Inc Trust for Professional Liability reported income of $761k and spending of $1.5m, spending 191% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.3m to $761k (-77%), an average of -39% a year. The sharpest change came in the year to June 2021, when income dropped by 55%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hawaii Residency Program Inc Trust for Professional Liability sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within HI. Charities of a similar size with the same main cause include National Church Residences Madison Manor Mi ($761k), Oasis Institute ($761k) and New York Choral Society Inc ($761k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $23k (1.6% of expenses). At year end it held assets of $7.1m against liabilities of $0, net assets of $7.1m.