Waianae Economic Development Council

Analysis

Waianae Economic Development Council is a registered charity in United States, based in Waianae, HI. It received its IRS tax-exemption ruling in October 2019, 7 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 September 2023, Waianae Economic Development Council reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 3 years on record, from December 2020 to September 2023, income grew from $168k to $1.4m (+720%), an average of +186% a year. The sharpest change came in the year to September 2022, when income rose by 256%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waianae Economic Development Council sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within HI. Charities of a similar size with the same main cause include Divinc ($1.4m), Greater Womens Business Council Inc ($1.4m) and Pacific Palms Mobilehome Park Corporation ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $98k (7.5% of expenses). Other salaries and wages came to $346k. It paid $23k in professional fundraising fees. At year end it held assets of $298k against liabilities of $206k, net assets of $92k. It reported 10 employees.