HNL Tool Library

Analysis

HNL Tool Library is a registered charity in United States, based in Pepeekeo, HI. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, HNL Tool Library reported income of $83k and spending of $80k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $83k (+3.5%), an average of +3.5% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, HNL Tool Library sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within HI. Charities of a similar size with the same main cause include Communications Apprenticeship & Training ($83k), Mount Airy Main Street Association Inc ($83k) and Nestucca Valley Community Alliance ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $44k against liabilities of $1,350, net assets of $42k.