Hale Mahaolu Ekolu Inc

Analysis

Hale Mahaolu Ekolu Inc is a registered charity in United States, based in Kahului, HI. It received its IRS tax-exemption ruling in December 1988, 38 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, Hale Mahaolu Ekolu Inc reported income of $829k and spending of $659k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $771k to $829k (+7.5%), an average of +1.8% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hale Mahaolu Ekolu Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within HI. Charities of a similar size with the same main cause include Broadway Housing Development Fund Company Inc ($829k), Andres Duarte Terrace ($830k) and Garfield Jubilee Association Inc ($829k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $121k. At year end it held assets of $3.6m against liabilities of $2.6m, net assets of $1.0m.