Holomua Collective

Analysis

Holomua Collective is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Holomua Collective reported income of $1.9m and spending of $813k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $399k to $1.9m (+371%), an average of +371% a year. The sharpest change came in the year to December 2023, when income rose by 371%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holomua Collective sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within HI. Charities of a similar size with the same main cause include Childrens Aid Society of Mercer County ($1.9m), At the Well Project Inc ($1.9m) and Marshall County Group Homes Incorporated ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $182k (22% of expenses). Other salaries and wages came to $65k. At year end it held assets of $1.4m against liabilities of $68k, net assets of $1.3m. It reported 3 employees.