Xlr8x

Analysis

Xlr8x is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 2019, 7 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 June 2023, Xlr8x reported income of $455k and spending of $389k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $623k to $455k (-27%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Xlr8x sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within HI. Charities of a similar size with the same main cause include Lowell Plan Inc ($455k), GP Lens Institute ($455k) and Casa Juana Colon Apoyo Y Orientacion a LA Mujer Inc ($454k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $329k (85% of expenses). Other salaries and wages came to $15k. At year end it held assets of $118k against liabilities of $38k, net assets of $80k. It reported 4 employees.