Ikaika Hawaii Watermans Academy

Analysis

Ikaika Hawaii Watermans Academy is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2022, Ikaika Hawaii Watermans Academy reported income of $465k and spending of $447k, spending 96% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $216k to $465k (+115%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ikaika Hawaii Watermans Academy sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within HI. Charities of a similar size with the same main cause include Counter Culture Ministries Inc ($465k), Lamar County Junior Livestock Show Association ($466k) and Its My Place Inc ($465k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 85% of the total. Other salaries and wages came to $104k. At year end it held assets of $220k against liabilities of $13k, net assets of $207k.