Hale Mahaolu Akahi Inc

Analysis

Hale Mahaolu Akahi Inc is a registered charity in United States, based in Kahului, 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 December 2023, Hale Mahaolu Akahi Inc reported income of $1.4m and spending of $1.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hale Mahaolu Akahi Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within HI. Charities of a similar size with the same main cause include Live Rite Structured Recovery Corp ($1.4m), Mdbm-Drake Senior Housing Corporation ($1.4m) and Foresight Affordable Housing of Pennsylvania Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Other salaries and wages came to $412k. At year end it held assets of $2.3m against liabilities of $144k, net assets of $2.1m.