Friends of Hokulea and Hawaiiloa Inc

Analysis

Friends of Hokulea and Hawaiiloa Inc is a registered charity in United States, based in Kailua, HI. It received its IRS tax-exemption ruling in November 1997, 29 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 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, Friends of Hokulea and Hawaiiloa Inc reported income of $245k and spending of $86k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,909 to $245k (+12734%), an average of +12734% a year. The sharpest change came in the year to December 2023, when income rose by 12734%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Hokulea and Hawaiiloa Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within HI. Charities of a similar size with the same main cause include We Care for Humanity ($245k), Arapahoe Philharmonic Inc ($245k) and Cantata Collective Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $241k against liabilities of $1, net assets of $241k.