The Hawaii Pacific Foundation Inc

Analysis

The Hawaii Pacific Foundation Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2022, The Hawaii Pacific Foundation Inc reported income of $187.9m and spending of $176.8m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $4.0m to $187.9m (+4541%), an average of +259% a year. The sharpest change came in the year to December 2020, when income rose by 2398%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Hawaii Pacific Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within HI. Charities of a similar size with the same main cause include Sesame Workshop ($186.9m), University of Kansas Center for Research Inc ($191.7m) and American Type Culture Collection ($177.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $124.2m. At year end it held assets of $67.7m against liabilities of $8.6m, net assets of $59.1m. It reported 405 employees.