Edith Kanakaole Foundation

Analysis

Edith Kanakaole Foundation is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edith Kanakaole Foundation reported income of $876k and spending of $703k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $669k to $876k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edith Kanakaole Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within HI. Charities of a similar size with the same main cause include Carroll Independent School District Band Boosters ($876k), Institute of Positive Education ($876k) and Victory Christian Academy Inc ($876k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $97k (14% of expenses). At year end it held assets of $1.0m against liabilities of $30k, net assets of $985k. It reported 17 employees.