Hamakua Institute
EIN: 473114047 · Ninole, HI · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $302K |
| Net Assets | $181K |
Is Hamakua Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hamakua Institute
Hamakua Institute (EIN: 473114047) is a nonprofit organization based in Ninole, HI, classified under NTEE code S31. The organization reported total revenue of $253K and total assets of $775K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamakua Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hamakua Institute is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $253K |
| Total Expenses | $302K |
| Surplus / Deficit | $-48,219 |
| Total Assets | $775K |
| Total Liabilities | $593K |
| Net Assets | $181K |
| Operating Margin | -19.0% |
| Debt-to-Asset Ratio | 76.6% |
| Months of Reserves | 30.8 months |
Financial Health Grade: C
In 2023, Hamakua Institute reported a deficit of $48K with expenses exceeding revenue, holds 30.8 months of operating reserves (strong position), has a debt-to-asset ratio of 76.6% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Hamakua Institute's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.7% | -10.9% | -4.6% |
| 2022 | +21.9% | +58.4% | +32.5% |
| 2021 | -12.9% | -14.4% | -4.5% |
| 2020 | -66.2% | +27.5% | -0.4% |
| 2019 | +17.9% | -23.0% | +102.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hamakua Institute has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hamakua Institute with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.6%.
Frequently Asked Questions about Hamakua Institute
Is Hamakua Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Hamakua Institute (EIN: 473114047) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hamakua Institute spend its money?
Detailed spending breakdown data is not yet available for Hamakua Institute. Check back for updated IRS 990 analysis.
Are donations to Hamakua Institute tax-deductible?
Hamakua Institute is registered as a tax-exempt nonprofit (EIN: 473114047). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hamakua Institute located?
Hamakua Institute is headquartered in Ninole, Hawaii and files with the IRS under EIN 473114047. It is classified under NTEE code S31.
How many years of IRS 990 filings does Hamakua Institute have?
Hamakua Institute has 8 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 $253K in total revenue.
Filing History
IRS 990 filing history for Hamakua Institute showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Hamakua Institute's revenue has grown by 154.2%, moving from $100K to $253K. Total assets increased by 867.1% over the same period, from $80K to $775K. Total functional expenses rose by 1443.4%, from $20K to $302K. In its most recent filing year (2023), Hamakua Institute reported a deficit of $48K, with expenses exceeding revenue. The organization holds $593K in liabilities against $775K in assets (debt-to-asset ratio: 76.6%), resulting in net assets of $181K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $253K | $302K | $775K | $593K | — | — |
| 2022 | $164K | $338K | $812K | $583K | — | View 990 |
| 2021 | $134K | $213K | $613K | $209K | — | View 990 |
| 2020 | $154K | $249K | $642K | $159K | — | View 990 |
| 2019 | $456K | $196K | $645K | $66K | — | View 990 |
| 2018 | $387K | $254K | $318K | $0 | — | View 990 |
| 2017 | $191K | $86K | $185K | $0 | — | — |
| 2016 | $100K | $20K | $80K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $253K, expenses of $302K, and assets of $775K (revenue +54.7% year-over-year).
- 2022: Revenue of $164K, expenses of $338K, and assets of $812K (revenue +21.9% year-over-year).
- 2021: Revenue of $134K, expenses of $213K, and assets of $613K (revenue -12.9% year-over-year).
- 2020: Revenue of $154K, expenses of $249K, and assets of $642K (revenue -66.2% year-over-year).
- 2019: Revenue of $456K, expenses of $196K, and assets of $645K (revenue +17.9% year-over-year).
- 2018: Revenue of $387K, expenses of $254K, and assets of $318K (revenue +103.2% year-over-year).
- 2017: Revenue of $191K, expenses of $86K, and assets of $185K (revenue +91.2% year-over-year).
- 2016: Revenue of $100K, expenses of $20K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hamakua Institute:
Data Sources and Methodology
This transparency report for Hamakua Institute 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.