Intercultural Outreach Initiative Inc

Analysis

Intercultural Outreach Initiative Inc is a registered charity in United States, based in Captain Cook, HI. It received its IRS tax-exemption ruling in February 2007, 19 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 December 2022, Intercultural Outreach Initiative Inc reported income of $1.1m and spending of $721k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $977k to $1.1m (+17%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 357%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Intercultural Outreach Initiative Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within HI. Charities of a similar size with the same main cause include Accelerated Intermediate Academy ($1.1m), Holy Angels Academy Inc ($1.1m) and Americas Junior Miss Scholarship Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $116k (16% of expenses). Other salaries and wages came to $85k. At year end it held assets of $916k against liabilities of $14k, net assets of $902k. It reported 1 employees.