Aloha Foundation Inc

Analysis

Aloha Foundation Inc is a registered charity in United States, based in Fairlee, VT. It received its IRS tax-exemption ruling in March 1913, 113 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aloha Foundation Inc reported income of $12.3m and spending of $11.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.0m to $12.3m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aloha Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include United States Fencing Association ($12.3m), Los Angeles Organizing Committee for the Olympic and Paralympic Gam ($12.3m) and Austin Parks Foundation ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $323k (2.8% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $55.1m against liabilities of $1.4m, net assets of $53.7m. It reported 500 employees.