Hawaii Chamber of Commerce Foundation

Analysis

Hawaii Chamber of Commerce Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 1993, 33 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, Hawaii Chamber of Commerce Foundation reported income of $814k and spending of $582k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $165k to $814k (+393%), an average of +393% a year. The sharpest change came in the year to June 2023, when income rose by 393%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hawaii Chamber of Commerce Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within HI. Charities of a similar size with the same main cause include Teen Challenge of East Bay Inc ($814k), The Journey Home Inc ($814k) and Pierce School Extended Day Inc ($814k).

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 $196k. At year end it held assets of $652k against liabilities of $272k, net assets of $379k.