Lanikai Canoe Club

Analysis

Lanikai Canoe Club is a registered charity in United States, based in Kailua, HI. It received its IRS tax-exemption ruling in September 1983, 43 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, Lanikai Canoe Club reported income of $237k and spending of $180k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $223k to $237k (+6.2%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lanikai Canoe Club sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within HI. Charities of a similar size with the same main cause include Shrine Maple Sugar Bowl Inc ($237k), PTA California Congress of Parents Teachers & Students Inc ($237k) and Rockingham County Historical Society Museum and Archives ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 83% of the total. At year end it held assets of $264k against liabilities of $240, net assets of $263k.