Hawaii Community Reinvestment Corp

Analysis

Hawaii Community Reinvestment Corp is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in October 1995, 31 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, Hawaii Community Reinvestment Corp reported income of $978k and spending of $449k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $346k to $978k (+183%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 643%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hawaii Community Reinvestment Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within HI. Charities of a similar size with the same main cause include Upper Perkiomen Manor ($977k), Marbury Terrace Inc ($978k) and Chattanooga Room in the Inn Inc ($977k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $197k (44% of expenses). At year end it held assets of $5.2m against liabilities of $1.5m, net assets of $3.7m. It reported 1 employees.