Hale Ulu Hoi III

Analysis

Hale Ulu Hoi III is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in September 1999, 27 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 June 2023, Hale Ulu Hoi III reported income of $174k and spending of $190k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $121k to $174k (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hale Ulu Hoi III sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within HI. Charities of a similar size with the same main cause include Asi Fort Collins Inc ($174k), Tampa Housing Funding Corporation ($174k) and South Pointe Phase III Inc ($173k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $750k against liabilities of $1.1m, net assets of -$340k.

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.