Kona Coffee Cultural Festival

Analysis

Kona Coffee Cultural Festival is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2024, Kona Coffee Cultural Festival reported income of $330k and spending of $281k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $170k to $330k (+93%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kona Coffee Cultural Festival sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within HI. Charities of a similar size with the same main cause include Marine Thrift Shop ($330k), Kwek Society Corp ($330k) and Morrison Foundation ($330k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 30% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.