Is Haleakala Inc Legit?

Quick charity verification for Haleakala Inc (EIN: 132829756)

Verdict: Haleakala Inc appears trustworthy

90/100Mission Score

$6.7MRevenue

$17.8MAssets

0Red Flags

5Strengths

No red flags identified.

Strengths

Strong revenue growth, increasing from $4,058,600 in 2022 to $6,742,034 in 2023.
Consistent and significant asset growth, reaching $18,231,252 in 2023 from $3,966,410 in 2014.
Zero reported officer compensation across all filings, indicating efficient resource allocation.
Expenses ($2,910,677 in 2023) are significantly lower than revenue ($6,742,034 in 2023), demonstrating strong financial management.
Healthy financial reserves with assets far exceeding liabilities ($18,231,252 assets vs $2,273,641 liabilities in 2023).

Spending Breakdown

How Haleakala Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Haleakala Inc

Is Haleakala Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Haleakala Inc (EIN: 132829756) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Haleakala Inc a good charity to donate to?

Haleakala Inc has a Mission Score of 90/100. Revenue: $6.7M. Assets: $17.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Haleakala Inc?

The Employer Identification Number (EIN) for Haleakala Inc is 132829756. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Haleakala Inc spend its money?

Haleakala Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Haleakala Inc's tax-exempt status?

You can verify Haleakala Inc's tax-exempt status using EIN 132829756 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Haleakala Inc demonstrates strong financial health and appears to be a well-managed organization. Over the past two fiscal years, the organization has significantly increased its revenue, from $4,058,600 in 2022 to $6,742,034 in 2023, while maintaining relatively stable expenses. This has led to a substantial increase in net assets, growing from $11,979,550 in 2022 to $18,231,252 in 2023. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient resource allocation and a focus on mission-related spending rather than executive salaries.

The organization's spending efficiency is commendable, with expenses in 2023 ($2,910,677) being less than half of its revenue ($6,742,034). This suggests a strong ability to generate and retain funds for future programs or reserves. The consistent growth in assets over the past decade, from $3,966,410 in 2014 to $18,231,252 in 2023, further underscores its financial stability and capacity. The absence of reported officer compensation also points to a high degree of transparency regarding executive pay, as it indicates that no compensation is being drawn by officers, or it is being reported under other categories, which would require further investigation to confirm.

Overall, Haleakala Inc exhibits robust financial management, a healthy balance sheet, and a clear commitment to its mission as evidenced by its financial reporting. The significant growth in assets and revenue, coupled with low relative expenses and no reported officer compensation, paints a picture of a financially sound and transparent nonprofit.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.