Island Pacific Academy Inc

Analysis

Island Pacific Academy Inc is a registered charity in United States, based in Kapolei, HI. It received its IRS tax-exemption ruling in August 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, Island Pacific Academy Inc reported income of $14.6m and spending of $11.6m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $14.6m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Island Pacific Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within HI. Charities of a similar size with the same main cause include The Bronx High School of Science Alumni Foundation Inc ($14.6m), Kings Way Christian Schools ($14.6m) and Bromley East Charter School ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $329k (2.8% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $19.9m against liabilities of $12.1m, net assets of $7.8m. It reported 185 employees.