Hoala Foundation for Education

Analysis

Hoala Foundation for Education is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in August 2013, 13 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 2024, Hoala Foundation for Education reported income of $122k and spending of $117k, spending 96% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $21k to $122k (+491%), an average of +143% a year. The sharpest change came in the year to June 2023, when income rose by 343%. 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, Hoala Foundation for Education sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Anacortes Public Library Foundation ($122k), First Presbyterian Preschool of Morehead City NC Inc ($122k) and GCHS Dance Team Inc ($122k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. At year end it held assets of $43k against liabilities of $12k, net assets of $31k.