Aha Punana Leo

Analysis

Aha Punana Leo is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Aha Punana Leo reported income of $9.5m and spending of $6.7m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $9.5m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aha Punana Leo sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within HI. Charities of a similar size with the same main cause include The Childrens Museum ($9.5m), National Film Preserve Ltd ($9.5m) and Museum of Contemporary Art San Diego ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $285k (4.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $28.4m against liabilities of $930k, net assets of $27.5m. It reported 113 employees.