Pai Foundation

Analysis

Pai Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Pai Foundation reported income of $2.3m and spending of $1.7m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $876k to $2.3m (+158%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 396%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pai Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within HI. Charities of a similar size with the same main cause include Friends of the Musees Des Arts Decoratifs ($2.3m), Connecticut Historical Society ($2.3m) and Lubbock Symphony Orchestra ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $215k (13% of expenses). Other salaries and wages came to $296k. At year end it held assets of $4.6m against liabilities of $741k, net assets of $3.9m. It reported 10 employees.