Hawaii Literacy Inc

Analysis

Hawaii Literacy Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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 Literacy Inc reported income of $776k and spending of $945k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $840k to $776k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hawaii Literacy Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within HI. Charities of a similar size with the same main cause include Bisbee Vogue Inc ($776k), Arrowhead Bible Camp Assn Inc ($776k) and Volunteer Center of Washington County Inc ($776k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $490k. At year end it held assets of $116k against liabilities of $149k, net assets of -$33k. It reported 23 employees.