Laakea Village

Analysis

Laakea Village is a registered charity in United States, based in Paia, HI. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Laakea Village reported income of $768k and spending of $899k, spending 117% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.3m to $768k (-43%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laakea Village sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within HI. Charities of a similar size with the same main cause include Minnesota One-Stop for Communities ($768k), Parshall Resource Center Inc ($768k) and Womens Center and Shelter Civil Law Project ($768k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $31k (3.4% of expenses). Other salaries and wages came to $433k. At year end it held assets of $1.2m against liabilities of $7,048, net assets of $1.2m. It reported 21 employees.