Hoakeolapono Trades Academy and Institute

Analysis

Hoakeolapono Trades Academy and Institute is a registered charity in United States, based in Lihue, HI. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hoakeolapono Trades Academy and Institute reported income of $473k and spending of $483k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $315k to $473k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoakeolapono Trades Academy and Institute 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 69th percentile within HI. Charities of a similar size with the same main cause include Anu Foundation USA ($473k), Tustin High School Super Boosters Club ($473k) and Acton Cooperative School Inc ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $37k (7.6% of expenses). Other salaries and wages came to $73k. At year end it held assets of $96k against liabilities of $12k, net assets of $85k. It reported 6 employees.