Lahaina Restoration Foundation

Analysis

Lahaina Restoration Foundation is a registered charity in United States, based in Puunene, HI. It received its IRS tax-exemption ruling in November 1964, 62 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lahaina Restoration Foundation reported income of $2.1m and spending of $2.5m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.1m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 251%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lahaina Restoration 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 86th percentile, and in the 87th percentile within HI. Charities of a similar size with the same main cause include Hoogland Center for the Arts Inc ($2.1m), Croswell Opera House & Fine Arts Association ($2.1m) and Jewish Education in Media Inc Dba JBS Jewish Broadcasting Servic ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Other salaries and wages came to $773k. At year end it held assets of $21.0m against liabilities of $38k, net assets of $21.0m. It reported 22 employees.