Carole Kai Charities Inc

Analysis

Carole Kai Charities Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Carole Kai Charities Inc reported income of $887k and spending of $872k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $887k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carole Kai Charities Inc sits at the 80th percentile: it is larger than about 80% 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 British American Foundation of Texas ($887k), Community Foundation of the Verdugos ($888k) and Communmity Resources Real Estate Inc ($887k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $74k, net assets of $1.4m.