Honolulu Water Polo

Analysis

Honolulu Water Polo is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Honolulu Water Polo reported income of $149k and spending of $93k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $149k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 56% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Honolulu Water Polo sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within HI. Charities of a similar size with the same main cause include Nehemiah Builds Inc ($149k), Next Level Tennis and Education ($149k) and Madras Rod and Gun Club ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.