Economic Development Alliance of Hawaii Inc

Analysis

Economic Development Alliance of Hawaii Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Economic Development Alliance of Hawaii Inc reported income of $121k and spending of $163k, spending 136% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $6.2m to $121k (-98%), an average of -73% a year. The sharpest change came in the year to December 2021, when income dropped by 98%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Development Alliance of Hawaii Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within HI. Charities of a similar size with the same main cause include Tulsa Town Hall Endowment Inc ($121k), The Salem Partnership Inc ($121k) and Northwest Neighborhood Enviromental Organization Incorporated ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $2,147 against liabilities of $7,771, net assets of -$5,624.