Hawaii Tax Institute Foundation

Analysis

Hawaii Tax Institute Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Hawaii Tax Institute Foundation reported income of $613k and spending of $828k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $613k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 1206%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hawaii Tax Institute Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within HI. Charities of a similar size with the same main cause include Optimist Club of West Pembroke Pines Inc ($613k), Wake for Warriors Inc ($613k) and Galway Ambulance Corps Inc ($613k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.