Hoakalei Charities

Analysis

Hoakalei Charities is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Hoakalei Charities reported income of $69k and spending of $54k, leaving 22% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $49k to $69k (+41%), an average of +41% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoakalei Charities sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within HI. Charities of a similar size with the same main cause include Gods Pantry ($69k), Ati Foundation ($69k) and Community Christmas Empty Stocking Fund ($69k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 134% of the total. At year end it held assets of $257k against liabilities of $0, net assets of $257k.