Waipa Foundation

Analysis

Waipa Foundation is a registered charity in United States, based in Hanalei, HI. It received its IRS tax-exemption ruling in January 1995, 31 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 December 2023, Waipa Foundation reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waipa Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within HI. Charities of a similar size with the same main cause include Decatur Day Care Center ($1.9m), Eos-Esd Association Inc ($1.9m) and At the Well Project Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $180k (9.2% of expenses). Other salaries and wages came to $713k. At year end it held assets of $3.5m against liabilities of $381k, net assets of $3.1m. It reported 50 employees.