Huki Foundation

Analysis

Huki Foundation is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in December 2016, 10 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 September 2023, Huki Foundation reported income of $393k and spending of $440k, spending 112% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $339k to $393k (+16%), an average of +7.7% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Huki Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Black Packers LLC ($393k), Columbia Crew Soccer Club ($393k) and Adirondack Youth Hockey Association Inc ($393k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $41k (9.3% of expenses). Other salaries and wages came to $35k. At year end it held assets of $162k against liabilities of $0, net assets of $162k.