Kailua Village Business Improvement District Inc

Analysis

Kailua Village Business Improvement District Inc is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Kailua Village Business Improvement District Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $905k to $1.4m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kailua Village Business Improvement District Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within HI. Charities of a similar size with the same main cause include Dearborn County Convention Visitor & Tourism Bureau Inc ($1.4m), North-Missoula Community Development Corporation ($1.4m) and Greater Kokomo Economic Development Alliance Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. At year end it held assets of $749k against liabilities of $0, net assets of $749k.