Hale Mahaolu Lahaina Surf Inc

Analysis

Hale Mahaolu Lahaina Surf Inc is a registered charity in United States, based in Kahului, HI. It received its IRS tax-exemption ruling in January 2001, 25 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 Lahaina Surf Inc reported income of $1.1m and spending of $860k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.1m (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hale Mahaolu Lahaina Surf Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within HI. Charities of a similar size with the same main cause include Warriors Center Memphis ($1.0m), New York Housing Conference Inc ($1.1m) and Surge Recovery Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $239k. At year end it held assets of $5.1m against liabilities of $86k, net assets of $5.0m.