Maui Oceanfront Marathon

Analysis

Maui Oceanfront Marathon is a registered charity in United States, based in Kihei, HI. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Maui Oceanfront Marathon reported income of $185k and spending of $113k, leaving 39% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income grew from $149k to $185k (+24%), an average of +24% a year. The sharpest change came in the year to March 2023, when income rose by 24%. Over the whole period it spent 61% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maui Oceanfront Marathon sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within HI. Charities of a similar size with the same main cause include Central Michigan Wrestling Club ($185k), Richard M Keane Foundation Inc ($185k) and Norcal Aquatics Corporation ($185k).

On its Form 990-EZ for the period ending March 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.