Olelo Christian Academy

Analysis

Olelo Christian Academy is a registered charity in United States, based in Lihue, HI. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Olelo Christian Academy reported income of $546k and spending of $678k, spending 124% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $261k to $546k (+109%), an average of +20% a year. The sharpest change came in the year to May 2021, when income rose by 64%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olelo Christian Academy sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within HI. Charities of a similar size with the same main cause include Eureka Schools Foundation ($546k), Tennesseans for Quality Early Education Policy and Research ($546k) and Exceptional Academy for Differently-Abled Learners Inc ($546k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $291k (43% of expenses). At year end it held assets of $304k against liabilities of $259k, net assets of $45k. It reported 17 employees.