Waioli Corporation

Analysis

Waioli Corporation is a registered charity in United States, based in Lihue, HI. It received its IRS tax-exemption ruling in December 1956, 70 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Waioli Corporation reported income of $3.6m and spending of $334k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $3.6m (+737%), an average of +70% a year. The sharpest change came in the year to December 2021, when income rose by 14618%. Over the whole period it spent 3.7% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waioli Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within HI. Charities of a similar size with the same main cause include Patchogue Village Center for the Performing Arts Inc ($3.6m), Contemporary Jewish Museum ($3.6m) and Hua Xia Chinese School Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 0.1% of the total. Other salaries and wages came to $60k. At year end it held assets of $57.8m against liabilities of $13k, net assets of $57.8m. It reported 7 employees.