Kauai Economic Development Board Inc

Analysis

Kauai Economic Development Board Inc is a registered charity in United States, based in Lihue, HI. It received its IRS tax-exemption ruling in June 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 December 2023, Kauai Economic Development Board Inc reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $1.8m (+682%), an average of +67% a year. The sharpest change came in the year to December 2020, when income rose by 890%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kauai Economic Development Board Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within HI. Charities of a similar size with the same main cause include Crisis Center ($1.8m), Gymnastics Olympica USA Inc ($1.8m) and Habitat for Humanity International Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $83k (4.9% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.6m against liabilities of $107k, net assets of $1.5m. It reported 5 employees.