Hawaii Community Foundation

Analysis

Hawaii Community Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hawaii Community Foundation reported income of $270.3m and spending of $117.8m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $96.1m to $270.3m (+181%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hawaii Community Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within HI. Charities of a similar size with the same main cause include The San Diego Foundation ($268.7m), California Community Foundation ($270.7m) and Greater Cincinnati Foundation ($263.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $2.4m (2.0% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $1.02bn against liabilities of $66.1m, net assets of $952.2m. It reported 95 employees.