Fort Street Mall Business Improvement District Association

Analysis

Fort Street Mall Business Improvement District Association is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 2004, 22 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 2023, Fort Street Mall Business Improvement District Association reported income of $498k and spending of $519k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $491k to $498k (+1.4%), an average of +0.5% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fort Street Mall Business Improvement District Association 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 70th percentile, and in the 69th percentile within HI. Charities of a similar size with the same main cause include Voice Buffalo Inc ($498k), Charleston Area Justice Ministry ($498k) and Wpda Inc ($498k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $94k (18% of expenses). Other salaries and wages came to $80k. At year end it held assets of $194k against liabilities of $27k, net assets of $167k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.