Papakolea Community Development Corporation

Analysis

Papakolea Community Development Corporation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 2024, 2 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 (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, Papakolea Community Development Corporation reported income of $523k and spending of $609k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $614k to $523k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Papakolea Community Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within HI. Charities of a similar size with the same main cause include Classic Basketball Inc ($523k), Adam Taliaferro Foundation Inc ($523k) and Central Minnesota Basketball Club Inc ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $90k (15% of expenses). Other salaries and wages came to $55k. At year end it held assets of $896k against liabilities of $280k, net assets of $617k. It reported 4 employees.