Hawaii Island United Way Inc

Analysis

Hawaii Island United Way Inc is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hawaii Island United Way Inc reported income of $886k and spending of $745k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $748k to $886k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hawaii Island United Way Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within HI. Charities of a similar size with the same main cause include Friends of South Georgia Island ($885k), Tag Education Collaborative Inc ($886k) and Huskies Hockey Club Inc ($885k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $87k (12% of expenses). Other salaries and wages came to $115k. At year end it held assets of $1.5m against liabilities of $33k, net assets of $1.5m. It reported 5 employees.