The Korean American Foundation Hawaii

Analysis

The Korean American Foundation Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Korean American Foundation Hawaii reported income of $222k and spending of $351k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $222k (+103%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Korean American Foundation Hawaii sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within HI. Charities of a similar size with the same main cause include Savoy Company ($222k), Blue Door Art Center ($222k) and Detroit Puppet Company ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.