Hawaii Food Technology Center

Analysis

Hawaii Food Technology Center is a registered charity in United States, based in Kula, HI. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Hawaii Food Technology Center reported income of $1.7m and spending of $12k, leaving 99% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $475k to $1.7m (+251%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 394%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hawaii Food Technology Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within HI. Charities of a similar size with the same main cause include New Mexico Teen Challenge ($1.7m), Spanish American Center Inc ($1.7m) and Kellin Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.