Climbhi Inc

Analysis

Climbhi Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 2011, 15 years ago. 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 December 2023, Climbhi Inc reported income of $451k and spending of $652k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $288k to $451k (+57%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 274%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Climbhi Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within HI. Charities of a similar size with the same main cause include Gorham Community Learning Center Inc ($451k), Indianapolis Symphonic Choir Inc ($451k) and Hereford Apartments ($451k).

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 $127k (19% of expenses). At year end it held assets of $11k against liabilities of $6,128, net assets of $5,046. It reported 2 employees.