Maui Economic Opportunity Inc

Analysis

Maui Economic Opportunity Inc is a registered charity in United States, based in Kahului, HI. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Maui Economic Opportunity Inc reported income of $21.2m and spending of $22.0m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.5m to $21.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maui Economic Opportunity Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within HI. Charities of a similar size with the same main cause include The Society of Saint Andrew Inc ($21.2m), California Communications Access Foundation ($21.2m) and Glacial Community YMCA Inc ($21.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $463k (2.1% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $30.4m against liabilities of $3.9m, net assets of $26.5m. It reported 284 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.