Mutual Housing Association of Hawaii Inc

Analysis

Mutual Housing Association of Hawaii Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mutual Housing Association of Hawaii Inc reported income of $1.6m and spending of $1.1m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $879k to $1.6m (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mutual Housing Association of Hawaii Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within HI. Charities of a similar size with the same main cause include Miravia Inc ($1.6m), Crossway Community Inc ($1.6m) and Housing Management Services Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $211k (19% of expenses). Other salaries and wages came to $208k. At year end it held assets of $15.9m against liabilities of $64k, net assets of $15.8m. It reported 3 employees.