Kimokeo Foundation

Analysis

Kimokeo Foundation is a registered charity in United States, based in Wailuku, HI. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, Kimokeo Foundation reported income of $597k and spending of $561k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $231k to $597k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kimokeo Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within HI. Charities of a similar size with the same main cause include Active Aging Publishing Inc ($597k), Amarillo Art Center Association ($597k) and Jack Hadleys Black History Memorabilia Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $66k (12% of expenses). At year end it held assets of $130k against liabilities of $17k, net assets of $113k. It reported 1 employees.