Hale Lokahi Akahi

Analysis

Hale Lokahi Akahi is a registered charity in United States, based in Wailuku, HI. It received its IRS tax-exemption ruling in July 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hale Lokahi Akahi reported income of $327k and spending of $322k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $315k to $327k (+3.9%), an average of +1.0% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hale Lokahi Akahi sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within HI. Charities of a similar size with the same main cause include Gilead House ($327k), Gracebound Inc ($327k) and Amber Village Housing Corporation ($327k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $13k (4.1% of expenses). Other salaries and wages came to $22k. At year end it held assets of $879k against liabilities of $1.4m, net assets of -$476k.