Hoiwai Fund

Analysis

Hoiwai Fund is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in August 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, Hoiwai Fund reported income of $465k and spending of $337k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $325k to $465k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. 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, Hoiwai Fund sits at the 67th percentile: it is larger than about 67% 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 Leadership Ministries Inc ($465k), West Branch Athletic Booster Club Inc ($465k) and Wilson Fire Volunteer Co No 1 Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $3,141 (0.9% of expenses). At year end it held assets of $299k against liabilities of $0, net assets of $299k.