Hawaii Assisted Housing Inc

Analysis

Hawaii Assisted Housing Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in July 1995, 31 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, Hawaii Assisted Housing Inc reported income of $4.1m and spending of $535k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $4.1m (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income rose by 654%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hawaii Assisted Housing Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within HI. Charities of a similar size with the same main cause include On Lok Community Housing Inc ($4.0m), Mars Holdings Inc ($4.1m) and Gospel Center Rescue Mission Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $8,743. At year end it held assets of $13.0m against liabilities of $310k, net assets of $12.6m.