Hale Mahaolu Eono Inc

Analysis

Hale Mahaolu Eono Inc is a registered charity in United States, based in Kahului, HI. It received its IRS tax-exemption ruling in November 1996, 30 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 (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, Hale Mahaolu Eono Inc reported income of $274k and spending of $323k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $405k to $274k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hale Mahaolu Eono Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within HI. Charities of a similar size with the same main cause include Hope Springs Manor Inc ($274k), Love Regardless Inc ($275k) and Willie F Bill Brown Manor Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $51k. At year end it held assets of $3.8m against liabilities of $1.2m, net assets of $2.6m.

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.