Oahu Veterans Council

Analysis

Oahu Veterans Council is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover public and societal benefit, 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, Oahu Veterans Council reported income of $549k and spending of $541k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $549k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 157% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oahu Veterans Council sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within HI. Charities of a similar size with the same main cause include Northeastern Colorado Revolving Loan Fund ($549k), California Council on Economic Education ($549k) and Hope Compassionate Healthcare ($549k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $67k (12% of expenses). Other salaries and wages came to $61k. At year end it held assets of $4.6m against liabilities of $14k, net assets of $4.6m. It reported 3 employees.