Honolulu Marathon Association

Analysis

Honolulu Marathon Association is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 1975, 51 years ago. 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 February 2023, Honolulu Marathon Association reported income of $5.9m and spending of $6.0m, spending 101% of its income. Across the 4 years on record, from February 2020 to February 2023, income fell from $7.7m to $5.9m (-23%), an average of -8.5% a year. The sharpest change came in the year to February 2023, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honolulu Marathon Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within HI. Charities of a similar size with the same main cause include Giving the Basics Inc ($5.9m), Bishopric of Public Ecumenical and Social Services-Usa Inc ($5.9m) and Altamont Program Inc ($5.9m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $440k (7.4% of expenses). At year end it held assets of $457k against liabilities of $0, net assets of $457k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.