Makana Hale Cooperative

Analysis

Makana Hale Cooperative is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 1998, 28 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, Makana Hale Cooperative reported income of $1.3m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+19%), an average of +4.4% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Makana Hale Cooperative sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within HI. Charities of a similar size with the same main cause include Inclusive Housing Resources ($1.3m), Gods Resort Inc ($1.3m) and Northfield St Vincents Housing Development Fund Company Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $184k. At year end it held assets of $17.7m against liabilities of $369k, net assets of $17.4m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.