Friends of Honolulu City Lights

Analysis

Friends of Honolulu City Lights is a registered charity in United States, based in Kaneohe, HI. It received its IRS tax-exemption ruling in January 2002, 24 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 March 2023, Friends of Honolulu City Lights reported income of $114k and spending of $185k, spending 162% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $154k to $114k (-26%), an average of -7.3% a year. The sharpest change came in the year to March 2023, when income rose by 91%. Over the whole period it spent 156% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Honolulu City Lights sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within HI. Charities of a similar size with the same main cause include Greater Topeka Partnership Foundation ($114k), Santa Fe Community Services Inc ($114k) and McDowell County Convention and Vistors Bureau Inc ($114k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $24k (13% of expenses). At year end it held assets of $219k against liabilities of $0, net assets of $219k.

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.