Hawaii Alliance for Community-Based Economic Development

Analysis

Hawaii Alliance for Community-Based Economic Development is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 June 2023, Hawaii Alliance for Community-Based Economic Development reported income of $411k and spending of $345k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $816k to $411k (-50%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hawaii Alliance for Community-Based Economic Development sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within HI. Charities of a similar size with the same main cause include E D Nixon Apartments Inc ($411k), Rock Hill Come-See-Me Festival Inc ($411k) and Jamison Museum Association Inc ($411k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $98k (28% of expenses). Other salaries and wages came to $156k. At year end it held assets of $963k against liabilities of $13k, net assets of $950k.