Laiopua 2020

Analysis

Laiopua 2020 is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Laiopua 2020 reported income of $1.4m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.4m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income rose by 191%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Laiopua 2020 sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within HI. Charities of a similar size with the same main cause include United States Sailing Foundaton ($1.4m), Evanston Soccer Association ($1.4m) and Montana Equestrian Events Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $121k (9.5% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.0m against liabilities of $3.8m, net assets of -$2.8m. It reported 62 employees.