Iolani School

Analysis

Iolani School is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Iolani School reported income of $99.3m and spending of $87.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $72.0m to $99.3m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iolani School sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within HI. Charities of a similar size with the same main cause include St Pauls School ($98.9m), Canisius University of Buffalo New York ($99.9m) and Texas Wesleyan University ($98.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.2m (1.4% of expenses). Other salaries and wages came to $37.5m. At year end it held assets of $419.7m against liabilities of $111.5m, net assets of $308.1m. It reported 1,184 employees.