Waimea Housing Foundation Inc

Analysis

Waimea Housing Foundation Inc is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2024, Waimea Housing Foundation Inc reported income of $306k and spending of $402k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $312k to $306k (-2.1%), an average of -0.5% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waimea Housing Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within HI. Charities of a similar size with the same main cause include St Xaviers Home ($306k), Louisiana Veterans Research Corp ($306k) and Ash Tree Organization ($306k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 47% of the total. Other salaries and wages came to $65k. At year end it held assets of $1.7m against liabilities of $31k, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.