Kona Housing Corporation 75-5995 Kuakini

Analysis

Kona Housing Corporation 75-5995 Kuakini is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in August 1989, 37 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 December 2023, Kona Housing Corporation 75-5995 Kuakini reported income of $351k and spending of $334k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $351k (+14%), an average of +3.4% 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, Kona Housing Corporation 75-5995 Kuakini sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within HI. Charities of a similar size with the same main cause include Montello Welcome Home Inc ($351k), Hope Haven Ministries Inc ($351k) and Salvation Army Missoula Residences Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Other salaries and wages came to $27k. At year end it held assets of $960k against liabilities of $1.4m, net assets of -$410k.