Kapiolani Medical Specialists

Analysis

Kapiolani Medical Specialists is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kapiolani Medical Specialists reported income of $333.1m and spending of $444.4m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.8m to $333.1m (+782%), an average of +72% a year. The sharpest change came in the year to June 2020, when income rose by 287%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kapiolani Medical Specialists sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within HI. Charities of a similar size with the same main cause include Jackson Hospital & Clinic Inc ($332.9m), Pih Health Physicians ($333.2m) and Gulf Health Hospitals Inc ($332.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.8m (0.4% of expenses). Other salaries and wages came to $222.3m. At year end it held assets of $67.2m against liabilities of $70.6m, net assets of -$3.3m. It reported 1,039 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.