Hoo Maa Foundation

Analysis

Hoo Maa Foundation is a registered charity in United States, based in Waianae, HI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Hoo Maa Foundation reported income of $168k and spending of $241k, spending 143% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $27k to $168k (+518%), an average of +84% a year. The sharpest change came in the year to June 2023, when income rose by 387%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hoo Maa Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within HI. Charities of a similar size with the same main cause include Buchanan Arts Inc ($168k), Odeon Preservation Association Inc ($168k) and Friends of Rainbow Springs State Park Inc ($168k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. At year end it held assets of $147k against liabilities of $689, net assets of $146k.