Pacific Rim Education Foundation Inc

Analysis

Pacific Rim Education Foundation Inc is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Pacific Rim Education Foundation Inc reported income of $174k and spending of $532k, spending 306% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $176k to $174k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 227% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pacific Rim Education Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within HI. Charities of a similar size with the same main cause include Saint Mary of Carmen Society Inc ($174k), Yorktown Community Nursery School ($174k) and Minnesota STEM Partnership ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $37k (6.9% of expenses). Other salaries and wages came to $41k. At year end it held assets of $17.0m against liabilities of $5,173, net assets of $17.0m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.