Is Habitat For Humanity International Inc Legit?

Habitat For Humanity International Inc, based in Kapolei, HI, exhibits a concerning financial trend with consistent net losses over the past several years. For instance, in fiscal year 2023, the organization reported revenues of $525,665 against expenses of $396,318, which, while showing a positive net for that specific year, is an anomaly in its recent history. The organization has frequently spent more than it earned, as seen in 2022 (Revenue $283,435, Expenses $343,741) and 2021 (Revenue $250,826, Expenses $445,145). This pattern of deficit spending, particularly notable in 2015 with a negative revenue of $-447,198, raises questions about long-term financial sustainability. The organization's liabilities have consistently outweighed its assets, with liabilities reaching $1,227,276 in 2023 compared to assets of $472,875. This significant imbalance, where liabilities are more than double the assets, indicates a precarious financial position. While the NTEE code L2O2 suggests a focus on housing and shelter, the available data does not provide a detailed breakdown of program versus administrative or fundraising expenses, making it difficult to assess spending efficiency directly. However, the consistent operational deficits are a primary concern for financial health. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive sign for transparency regarding leadership costs.