Lanikai Athletic Club

Analysis

Lanikai Athletic Club is a registered charity in United States, based in Kailua, HI. It received its IRS tax-exemption ruling in September 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Lanikai Athletic Club reported income of $554k and spending of $713k, spending 129% of what it took in. Across the 3 years on record, from August 2019 to August 2022, income grew from $429k to $554k (+29%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 25%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lanikai Athletic Club sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within HI. Charities of a similar size with the same main cause include Nantucket Ice Company Inc ($554k), Blackhawk Ski Club ($554k) and Dakota Star Gymnastics ($553k).

On its Form 990 for the period ending August 2022, revenue came from program service revenue 109% of the total. Compensation of current officers, directors and key employees was $94k (13% of expenses). At year end it held assets of $209k against liabilities of $527k, net assets of -$318k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.