Hawaii Surfing Production Corp

Analysis

Hawaii Surfing Production Corp is a registered charity in United States, based in Kailua, HI. It received its IRS tax-exemption ruling in February 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Hawaii Surfing Production Corp reported income of $119k and spending of $113k, spending 95% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $50k to $119k (+138%), an average of +19% a year. The sharpest change came in the year to September 2022, when income rose by 594%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hawaii Surfing Production Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within HI. Charities of a similar size with the same main cause include Pennridge Yellowjackets Soccer Association ($119k), Mora Traveling Baseball Association ($119k) and Virgin Islands Tennis Association ($119k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $48k (42% of expenses). At year end it held assets of $46k against liabilities of $0, net assets of $46k.