Ewalu Inc

Analysis

Ewalu Inc is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover employment, 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, Ewalu Inc reported income of $75k and spending of $120k, spending 161% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $75k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ewalu Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within HI. Charities of a similar size with the same main cause include Ulster County Regional Chamber of Commerce Foundation Inc ($75k), We See Greatness in You Inc ($75k) and Christian Womens Job Corps of Lindale ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.