Hawaiian Community Assets Inc

Analysis

Hawaiian Community Assets Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 2002, 24 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 September 2023, Hawaiian Community Assets Inc reported income of $5.0m and spending of $2.6m, leaving 48% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $5.0m (+115%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 141%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hawaiian Community Assets Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within HI. Charities of a similar size with the same main cause include Thelma Arms Inc Royal Adah Arms ($5.0m), Committee on Temporary Shelter ($5.0m) and Habitat for Humanity International Inc ($5.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $129k (5.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.9m against liabilities of $1.7m, net assets of $3.2m. It reported 23 employees.