Hawaii Association of Independent Schools

Analysis

Hawaii Association of Independent Schools is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Hawaii Association of Independent Schools reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.1m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hawaii Association of Independent Schools sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within HI. Charities of a similar size with the same main cause include Holy Cross Christian Academy Inc ($2.1m), Educational Impact Inc ($2.1m) and Ravencrest Chalet ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $193k (9.4% of expenses). Other salaries and wages came to $378k. At year end it held assets of $825k against liabilities of $416k, net assets of $410k. It reported 5 employees.