Hawaii Va Foundation

Analysis

Hawaii Va Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Hawaii Va Foundation reported income of $226k and spending of $153k, leaving 32% of income unspent that year. Across the 3 years on record, from March 2022 to March 2024, income grew from $218k to $226k (+3.4%), an average of +1.7% a year. The sharpest change came in the year to March 2024, when income rose by 50%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hawaii Va Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within HI. Charities of a similar size with the same main cause include United Way of the Eastern Upper Peninsula ($226k), Woodside Community Foundation ($226k) and Project Management Advisors Foundation ($226k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,800 (3.1% of expenses). At year end it held assets of $149k against liabilities of $0, net assets of $149k.