Waikiki Business Improvement District Association

Analysis

Waikiki Business Improvement District Association is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 2001, 25 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 June 2023, Waikiki Business Improvement District Association reported income of $4.0m and spending of $4.9m, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.2m to $4.0m (-3.9%), an average of -1.3% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waikiki Business Improvement District Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within HI. Charities of a similar size with the same main cause include Mpower Inc ($4.0m), Nola Business Alliance ($4.0m) and Kindred Futures Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $314k (6.4% of expenses). Other salaries and wages came to $74k. At year end it held assets of $2.6m against liabilities of $407k, net assets of $2.2m. It reported 5 employees.