Kualii Foundation

Analysis

Kualii Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in November 1996, 30 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kualii Foundation reported income of $13.3m and spending of $642k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $13.3m (+465%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 1284%. Over the whole period it spent 7.0% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kualii Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within HI. Charities of a similar size with the same main cause include American Society for Yad Vashem Inc ($13.3m), Tampa Bay Performing Arts Center Foundation Inc ($13.3m) and Ogunquit Playhouse Foundation ($13.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $37.2m against liabilities of $20k, net assets of $37.2m.