Iwikua

Analysis

Iwikua is a registered charity in United States, based in Waimea, HI. It received its IRS tax-exemption ruling in March 2017, 9 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, Iwikua reported income of $891k and spending of $564k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $233k to $891k (+282%), an average of +96% a year. The sharpest change came in the year to December 2022, when income rose by 155%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Iwikua sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within HI. Charities of a similar size with the same main cause include Karma House Inc ($890k), Broadway Developement Corp ($892k) and Asphalt Institute Foundation Inc ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $224k. At year end it held assets of $580k against liabilities of $0, net assets of $580k. It reported 7 employees.