Ka Hale a Ke Ola Homeless Resource Centers Inc

Analysis

Ka Hale a Ke Ola Homeless Resource Centers Inc is a registered charity in United States, based in Wailuku, HI. It received its IRS tax-exemption ruling in April 1993, 33 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 December 2023, Ka Hale a Ke Ola Homeless Resource Centers Inc reported income of $8.8m and spending of $8.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $8.8m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ka Hale a Ke Ola Homeless Resource Centers Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within HI. Charities of a similar size with the same main cause include Special Olympics New Jersey Inc ($8.8m), St Annes School of Annapolis Incorporated ($8.8m) and Celebrity Series of Boston ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $279k (3.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $24.9m against liabilities of $9.4m, net assets of $15.5m. It reported 62 employees.