Kanaka Economic Development Alliance

Analysis

Kanaka Economic Development Alliance is a registered charity in United States, based in Kaneohe, HI. It received its IRS tax-exemption ruling in January 2020, 6 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 (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, Kanaka Economic Development Alliance reported income of $306k and spending of $185k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $306k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kanaka Economic Development Alliance sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within HI. Charities of a similar size with the same main cause include Prescott Chamber of Commercefoundation ($306k), South Coast Development Council ($306k) and Northbound Foundation Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $72k (39% of expenses). Other salaries and wages came to $62k. At year end it held assets of $189k against liabilities of $79k, net assets of $110k. It reported 2 employees.