Tax Foundation of Hawaii

Analysis

Tax Foundation of Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 1955, 71 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tax Foundation of Hawaii reported income of $130k and spending of $123k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $250k to $130k (-48%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tax Foundation of Hawaii sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within HI. Charities of a similar size with the same main cause include Harold E Marx Memorial Fund ($130k), Wallace S Murray and Frances Rabbitts Murray Memorial ($130k) and Arch Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. At year end it held assets of $60k against liabilities of $77k, net assets of -$17k.