Kuleana Coral Reefs

Analysis

Kuleana Coral Reefs is a registered charity in United States, based in Kapolei, HI. It received its IRS tax-exemption ruling in November 2020, 6 years ago. 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, Kuleana Coral Reefs reported income of $993k and spending of $688k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $233k to $993k (+326%), an average of +326% a year. The sharpest change came in the year to December 2023, when income rose by 326%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kuleana Coral Reefs 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 79th percentile, and in the 79th percentile within HI. Charities of a similar size with the same main cause include Flickinger Center for Performing Arts ($993k), Central Orleans Volunteer Ambulance Inc ($993k) and Santa Barbara Bicycle Coalition ($993k).

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 $131k (19% of expenses). Other salaries and wages came to $141k. At year end it held assets of $440k against liabilities of $96k, net assets of $344k. It reported 10 employees.