Manele Koele Charitable Fund

Analysis

Manele Koele Charitable Fund is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Manele Koele Charitable Fund reported income of $103k and spending of $129k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $103k (-11%), an average of -11% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Manele Koele Charitable Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within HI. Charities of a similar size with the same main cause include Sassl ($103k), Eliada Foundation Inc ($103k) and Hollowtop Senior Citizens Club ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $155k against liabilities of $71, net assets of $155k.