Na Hoa Holomoku Sailing Club

Analysis

Na Hoa Holomoku Sailing Club is a registered charity in United States, based in Keaau, HI. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Na Hoa Holomoku Sailing Club reported income of $54k and spending of $59k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $54k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Na Hoa Holomoku Sailing Club sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within HI. Charities of a similar size with the same main cause include Barnstable Youth Football Inc ($54k), Mason County Livestock Show Inc ($54k) and Hallstead-Great Bend Rod and Gun Club Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 20% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.