Haleakala Inc
Haleakala Inc shows strong financial growth and zero reported officer compensation in recent filings.
EIN: 132829756 · New York, NY · NTEE: A610 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $2.9M |
| Program Spending | 85% |
| Net Assets | $16.0M |
| Transparency Score | 90/100 |
Is Haleakala Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haleakala Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Haleakala Inc
Haleakala Inc (EIN: 132829756) is a nonprofit organization based in New York, NY, classified under NTEE code A610. The organization reported total revenue of $6.7M and total assets of $17.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haleakala Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haleakala Inc is a mid-size nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$3.8M |
| Total Assets | $18.2M |
| Total Liabilities | $2.3M |
| Net Assets | $16.0M |
| Operating Margin | 56.8% |
| Debt-to-Asset Ratio | 12.5% |
| Months of Reserves | 75.2 months |
Financial Health Grade: A
In 2023, Haleakala Inc reported a surplus of $3.8M with revenue exceeding expenses, holds 75.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Haleakala Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.1% | +30.6% | +52.2% |
| 2022 | -20.3% | +8.7% | +7.1% |
| 2021 | +104.1% | -2.6% | +48.8% |
| 2020 | -30.9% | -15.9% | +13.2% |
| 2019 | +75.1% | +13.1% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Haleakala Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Haleakala Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.5%.
Executive Compensation Analysis
Haleakala Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that compensation is reported under other categories, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Haleakala Inc:
- 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).
Frequently Asked Questions about Haleakala Inc
Is Haleakala Inc a legitimate charity?
Haleakala Inc (EIN: 132829756) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Haleakala Inc spend its money?
Haleakala Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Haleakala Inc tax-deductible?
Haleakala Inc is registered as a tax-exempt nonprofit (EIN: 132829756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Haleakala Inc's spending goes to programs?
Haleakala Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Haleakala Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Haleakala Inc is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haleakala Inc located?
Haleakala Inc is headquartered in New York, New York and files with the IRS under EIN 132829756. It is classified under NTEE code A610.
How many years of IRS 990 filings does Haleakala Inc have?
Haleakala Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.7M in total revenue.
Is Haleakala Inc a good charity?
Based on the provided financial data, Haleakala Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and no reported officer compensation, suggesting efficient use of funds.
How has Haleakala Inc's revenue changed over time?
Haleakala Inc has shown significant revenue growth, particularly in recent years. Revenue increased from $2,608,816 in 2014 to $6,742,034 in 2023, with a notable jump from $4,058,600 in 2022 to $6,742,034 in 2023.
What is the trend in Haleakala Inc's assets?
Haleakala Inc's assets have consistently grown over the past decade, from $3,966,410 in 2014 to $18,231,252 in 2023, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Haleakala Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Haleakala Inc's revenue has grown by 207.1%, moving from $2.2M to $6.7M. Total assets increased by 400.7% over the same period, from $3.6M to $18.2M. Total functional expenses rose by 59.6%, from $1.8M to $2.9M. In its most recent filing year (2023), Haleakala Inc reported a surplus of $3.8M, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $18.2M in assets (debt-to-asset ratio: 12.5%), resulting in net assets of $16.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $2.9M | $18.2M | $2.3M | — | — |
| 2022 | $4.1M | $2.2M | $12.0M | $239K | — | View 990 |
| 2021 | $5.1M | $2.1M | $11.2M | $650K | — | View 990 |
| 2020 | $2.5M | $2.1M | $7.5M | $490K | — | View 990 |
| 2019 | $3.6M | $2.5M | $6.6M | $158K | — | View 990 |
| 2018 | $2.1M | $2.2M | $5.5M | $117K | — | View 990 |
| 2017 | $2.0M | $2.3M | $5.4M | $103K | — | View 990 |
| 2016 | $3.5M | $2.1M | $5.4M | $64K | — | View 990 |
| 2015 | $2.3M | $2.1M | $4.2M | $138K | — | View 990 |
| 2014 | $2.6M | $2.1M | $4.0M | $99K | — | View 990 |
| 2013 | $2.0M | $1.9M | $3.5M | $167K | — | View 990 |
| 2012 | $1.6M | $1.9M | $3.2M | $56K | — | View 990 |
| 2011 | $2.2M | $1.8M | $3.6M | $159K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $2.9M, and assets of $18.2M (revenue +66.1% year-over-year).
- 2022: Revenue of $4.1M, expenses of $2.2M, and assets of $12.0M (revenue -20.3% year-over-year).
- 2021: Revenue of $5.1M, expenses of $2.1M, and assets of $11.2M (revenue +104.1% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.1M, and assets of $7.5M (revenue -30.9% year-over-year).
- 2019: Revenue of $3.6M, expenses of $2.5M, and assets of $6.6M (revenue +75.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.2M, and assets of $5.5M (revenue +2.6% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.3M, and assets of $5.4M (revenue -42.2% year-over-year).
- 2016: Revenue of $3.5M, expenses of $2.1M, and assets of $5.4M (revenue +49.4% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.1M, and assets of $4.2M (revenue -10.7% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.1M, and assets of $4.0M (revenue +33.5% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $3.5M (revenue +19.6% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.9M, and assets of $3.2M (revenue -25.5% year-over-year).
- 2011: Revenue of $2.2M, expenses of $1.8M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haleakala Inc:
Data Sources and Methodology
This transparency report for Haleakala Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.