Hanalei Initiative

Analysis

Hanalei Initiative is a registered charity in United States, based in Hanalei, HI. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hanalei Initiative reported income of $6.6m and spending of $6.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $6.6m (+222%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 308%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hanalei Initiative sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within HI. Charities of a similar size with the same main cause include York County Shelter Programs Inc ($6.6m), Tri County Jobs for Ohios Graduates ($6.6m) and Skillsource Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Other salaries and wages came to $832k. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 31 employees.