Hawaii Hotel Industry Foundation

Analysis

Hawaii Hotel Industry Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hawaii Hotel Industry Foundation reported income of $3.3m and spending of $3.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $3.3m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 415%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hawaii Hotel Industry Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within HI. Charities of a similar size with the same main cause include West Central Industries Inc ($3.3m), Climb Transition Services a Non-Profit Corporation ($3.3m) and Voterunlead ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $1.2m against liabilities of $59k, net assets of $1.1m.