Kauai Housing Development Corporation

Analysis

Kauai Housing Development Corporation is a registered charity in United States, based in Lihue, HI. It received its IRS tax-exemption ruling in December 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 (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 2023, Kauai Housing Development Corporation reported income of $1.3m and spending of $784k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $632k to $1.3m (+107%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kauai Housing Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within HI. Charities of a similar size with the same main cause include Eagles Wings Coordinated Care ($1.3m), Connections for Women ($1.3m) and Village of Love Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 84% of the total. Other salaries and wages came to $238k. At year end it held assets of $13.4m against liabilities of $3.9m, net assets of $9.5m. It reported 2 employees.