Oahu Economic Development Board

Analysis

Oahu Economic Development Board 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oahu Economic Development Board reported income of $1.0m and spending of $842k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.0m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oahu Economic Development Board sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within HI. Charities of a similar size with the same main cause include Lions Industries for the Blind Inc ($1.0m), Dunn County Historical Society ($1.0m) and St Louis District Dairy Council ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $211k (25% of expenses). Other salaries and wages came to $256k. At year end it held assets of $1.3m against liabilities of $15k, net assets of $1.3m. It reported 5 employees.