Vibrant Hawaii

Analysis

Vibrant Hawaii is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in July 2021, 5 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, Vibrant Hawaii reported income of $3.5m and spending of $2.2m, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $313k to $3.5m (+1026%), an average of +236% a year. The sharpest change came in the year to December 2022, when income rose by 299%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vibrant Hawaii sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within HI. Charities of a similar size with the same main cause include Boilermakers Local 92 Training Fund ($3.5m), Local Enterprise Assistance Fund Inc ($3.5m) and Chinatown Manpower Project Inc ($3.5m).

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 $100k (4.5% of expenses). Other salaries and wages came to $251k. At year end it held assets of $2.2m against liabilities of $118k, net assets of $2.1m. It reported 17 employees.