Wai-Anae Community Re-Development Corporation

Analysis

Wai-Anae Community Re-Development Corporation is a registered charity in United States, based in Waianae, HI. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover employment, 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, Wai-Anae Community Re-Development Corporation reported income of $9.5m and spending of $3.3m, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $9.5m (+155%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wai-Anae Community Re-Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within HI. Charities of a similar size with the same main cause include Community Action Inc of Rock and Walworth Counties ($9.5m), Kent-Sussex Industries Inc ($9.5m) and Ben Franklin Technology Partners of Northeastern Pennsylvania Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $124k (3.8% of expenses). Other salaries and wages came to $832k. At year end it held assets of $21.8m against liabilities of $5.9m, net assets of $15.9m. It reported 50 employees.