Kanaka Ikaika Racing Association

Analysis

Kanaka Ikaika Racing Association is a registered charity in United States, based in Kailua, HI. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Kanaka Ikaika Racing Association reported income of $163k and spending of $175k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $163k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kanaka Ikaika Racing Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within HI. Charities of a similar size with the same main cause include Northern Ice Fastpitch Association ($163k), Barracuda Aquatics Club ($163k) and Power of Pizza Charities Inc ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $95k against liabilities of $64k, net assets of $31k.