HAWAII COMMUNITY FOUNDATION
Mission Statement
he vision of the Hawai‘i Community Foundation is to create an equitable and vibrant Hawai‘i where all of our island communities thrive. With our more-than-105-year history, trusted expertise, and generous support of donors, we are working to solve our state’s most difficult challenges. In 2022, HCF stewarded more than 1,100 funds and distributed over $87 million in grants to the community from funds at HCF, contracts, and private foundations statewide, including $7.1 million in scholarships. HCF offices and staff are located statewide. For more information about HCF, please visit hawaiicommunityfoundation.org and follow our social media channels on Facebook, Instagram, Twitter, LinkedIn and YouTube.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.7% | 96.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.6% | 3.0% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.7% | 0.3% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
69.2 mo | 63.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.6% | 3.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
70.4% | 92.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-40.3% | 29.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
45.4% | 13.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.2% | 6.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $161.3M | $171.3M | $987.3M | 94.7% | 105 |
| 2023 | $270.3M | $117.8M | $952.2M | 91.2% | 95 |
| 2022 | $119.2M | $78.3M | $723.1M | 89.7% | 85 |
| 2021 | $229.9M | $91.6M | N/A | — | 75 |
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