Hawaii Local 2030 Hub

Analysis

Hawaii Local 2030 Hub is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 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, Hawaii Local 2030 Hub reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.7m to $2.0m (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. 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, Hawaii Local 2030 Hub sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within HI. Charities of a similar size with the same main cause include Connec Train Corp ($2.0m), Jay Shop Inc ($2.0m) and Berwyn Development Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $961k against liabilities of $548k, net assets of $413k. It reported 17 employees.