Kuakini Foundation

Analysis

Kuakini Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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 June 2023, Kuakini Foundation reported income of $3.6m and spending of $7.8m, spending 215% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.6m to $3.6m (-53%), an average of -17% a year. The sharpest change came in the year to June 2023, when income rose by 134%. Over the whole period it spent 150% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kuakini Foundation sits at the 90th percentile: it is larger than about 90% 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 Boy Scouts of America ($3.6m), Natural Resources Foundation of Wisconsin Inc ($3.6m) and Edith Wharton Restoration Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $194k. At year end it held assets of $11.3m against liabilities of $12.4m, net assets of -$1.1m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.