Kai Loa Inc

Analysis

Kai Loa Inc is a registered charity in United States, based in Kaneohe, HI. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Kai Loa Inc reported income of $1.6m and spending of $1.2m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $818k to $1.6m (+91%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 98%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kai Loa 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 84th percentile, and in the 84th percentile within HI. Charities of a similar size with the same main cause include Montessori Country Schools ($1.6m), Plumbers & Steamfitters Local 184 Education & Training Fund ($1.6m) and Summit Academy Secondary School - Canton ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $37k (3.2% of expenses). Other salaries and wages came to $70k. At year end it held assets of $5.0m against liabilities of $2.6m, net assets of $2.3m. It reported 3 employees.