Molokai Occupational Center

Analysis

Molokai Occupational Center is a registered charity in United States, based in Kaunakakai, HI. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 June 2023, Molokai Occupational Center reported income of $527k and spending of $922k, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $527k (-55%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Molokai Occupational Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within HI. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($527k), Lubuto Library Project Inc ($528k) and Pacific Resident Theatre Ensemble ($527k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $54k (5.8% of expenses). Other salaries and wages came to $414k. At year end it held assets of $436k against liabilities of $6,294, net assets of $429k. It reported 54 employees.