Kanehunamoku Voyaging Academy

Analysis

Kanehunamoku Voyaging Academy is a registered charity in United States, based in Kaneohe, HI. It received its IRS tax-exemption ruling in June 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 June 2023, Kanehunamoku Voyaging Academy reported income of $669k and spending of $646k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $669k (-35%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kanehunamoku Voyaging Academy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within HI. Charities of a similar size with the same main cause include Boston Ultimate Disc Alliance Inc ($669k), Twins Days Inc ($670k) and Rise Adventures Inc ($669k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $249k. At year end it held assets of $855k against liabilities of $9,232, net assets of $846k. It reported 12 employees.