Akaula School

Analysis

Akaula School is a registered charity in United States, based in Kaunakakai, HI. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Akaula School reported income of $237k and spending of $237k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $299k to $237k (-21%), an average of -5.7% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Akaula School sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within HI. Charities of a similar size with the same main cause include Tinner Hill Heritage Foundation ($237k), Bricklayers Local 8 of Illinois Apprenticeship ($237k) and Margin of Excellence ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $70k (29% of expenses). Other salaries and wages came to $58k. At year end it held assets of $107k against liabilities of $86k, net assets of $20k. It reported 10 employees.

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.