Malama Loko Ea Foundation

Analysis

Malama Loko Ea Foundation is a registered charity in United States, based in Haleiwa, HI. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Malama Loko Ea Foundation reported income of $1.5m and spending of $1.1m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $691k to $1.5m (+121%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Malama Loko Ea Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within HI. Charities of a similar size with the same main cause include United Way of Cumberland County Inc ($1.5m), Gary Patterson Foundation ($1.5m) and South Florida Prof Golf Assoc Charitable Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $97k (8.9% of expenses). Other salaries and wages came to $367k. At year end it held assets of $1.4m against liabilities of $22k, net assets of $1.3m. It reported 15 employees.