Hawaii Island Portuguese Chamber of Commerce Cultural and Educational

Analysis

Hawaii Island Portuguese Chamber of Commerce Cultural and Educational is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Hawaii Island Portuguese Chamber of Commerce Cultural and Educational reported income of $85k and spending of $14k, leaving 84% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $178k to $85k (-52%), an average of -17% a year. The sharpest change came in the year to June 2021, when income dropped by 58%. Over the whole period it spent 5.2% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hawaii Island Portuguese Chamber of Commerce Cultural and Educational sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within HI. Charities of a similar size with the same main cause include Knickerbocker Chamber Orchestra ($85k), Marching Against the Darkness Inc ($85k) and Hole in the Wall Company ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.