Hawaiian Legacy Foundation

Analysis

Hawaiian Legacy Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hawaiian Legacy Foundation reported income of $80k and spending of $190k, spending 238% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $80k (-67%), an average of -24% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hawaiian Legacy Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within HI. Charities of a similar size with the same main cause include Haddam Historical Society ($80k), Monroe Actors Stage Company ($80k) and Corvallis Osu-Piano International ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $72k (38% of expenses). At year end it held assets of $415k against liabilities of $3,259, net assets of $412k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.