Ho Okako O Corporation

Analysis

Ho Okako O Corporation is a registered charity in United States, based in Honolulu, 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, Ho Okako O Corporation reported income of $4.8m and spending of $4.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.8m (+28%), an average of +6.4% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ho Okako O Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within HI. Charities of a similar size with the same main cause include Wasatch Peak Academy Inc ($4.8m), Mountain West Montessori Academy Inc ($4.8m) and Denton Calvary Academy ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $131k (2.7% of expenses). Other salaries and wages came to $425k. At year end it held assets of $2.1m against liabilities of $885k, net assets of $1.2m. It reported 8 employees.