Koihonua

Analysis

Koihonua is a registered charity in United States, based in Pearl City, HI. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Koihonua reported income of $2.0m and spending of $1.4m, leaving 30% of income unspent that year. Across the 4 years on record, from April 2020 to December 2023, income grew from $440k to $2.0m (+343%), an average of +64% a year. The sharpest change came in the year to April 2022, when income rose by 167%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Koihonua sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within HI. Charities of a similar size with the same main cause include Roads of Success ($2.0m), Forum to Advance Minorities in Engineering Inc ($2.0m) and Society for Strings Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $240k (18% of expenses). At year end it held assets of $1.6m against liabilities of -$16k, net assets of $1.7m. It reported 13 employees.