Honolulu Fire Department Welfarefund
Honolulu Fire Department Welfarefund maintains strong asset growth and zero liabilities with no officer compensation.
EIN: 205498993 · Honolulu, HI · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $33K |
| Program Spending | 85% |
| Net Assets | $779K |
| Transparency Score | 90/100 |
Is Honolulu Fire Department Welfarefund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Honolulu Fire Department Welfarefund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Honolulu Fire Department Welfarefund
Honolulu Fire Department Welfarefund (EIN: 205498993) is a nonprofit organization based in Honolulu, HI, classified under NTEE code Y43. The organization reported total revenue of $61K and total assets of $790K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Honolulu Fire Department Welfarefund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Honolulu Fire Department Welfarefund is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $33K |
| Surplus / Deficit | +$27K |
| Total Assets | $779K |
| Net Assets | $779K |
| Operating Margin | 44.9% |
| Months of Reserves | 282.5 months |
Financial Health Grade: A
In 2023, Honolulu Fire Department Welfarefund reported a surplus of $27K with revenue exceeding expenses, holds 282.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Honolulu Fire Department Welfarefund's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | +8.9% | +3.6% |
| 2022 | +0.2% | -33.5% | +4.1% |
| 2021 | +0.8% | +25.2% | +2.0% |
| 2020 | +0.9% | -9.5% | +3.3% |
| 2019 | +1.2% | +71.9% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Honolulu Fire Department Welfarefund 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Honolulu Fire Department Welfarefund allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $27K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly commendable for a nonprofit of its size.
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 Honolulu Fire Department Welfarefund:
- Consistent asset growth, from $503,867 in 2014 to $779,179 in 2023.
- Zero reported liabilities across all filings, indicating strong financial health.
- 0% officer compensation, demonstrating efficient use of funds and low administrative overhead.
- Consistent revenue generation relative to expenses, leading to annual surpluses.
- Stable financial operations over a long period, with 13 consistent filings.
Frequently Asked Questions about Honolulu Fire Department Welfarefund
Is Honolulu Fire Department Welfarefund a legitimate charity?
Based on AI analysis of IRS 990 filings, Honolulu Fire Department Welfarefund (EIN: 205498993) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Honolulu Fire Department Welfarefund spend its money?
Honolulu Fire Department Welfarefund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Honolulu Fire Department Welfarefund tax-deductible?
Honolulu Fire Department Welfarefund is registered as a tax-exempt nonprofit (EIN: 205498993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Honolulu Fire Department Welfarefund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Honolulu Fire Department Welfarefund is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Honolulu Fire Department Welfarefund located?
Honolulu Fire Department Welfarefund is headquartered in Honolulu, Hawaii and files with the IRS under EIN 205498993. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Honolulu Fire Department Welfarefund have?
Honolulu Fire Department Welfarefund 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 $61K in total revenue.
Is Honolulu Fire Department Welfarefund a good charity?
Based on the provided data, the Honolulu Fire Department Welfarefund appears to be a very good charity. It demonstrates strong financial health with growing assets, zero liabilities, and no executive compensation, suggesting efficient use of funds for its mission.
How does the organization manage its finances?
The organization manages its finances prudently, consistently generating a surplus (e.g., $60,068 revenue vs. $33,093 expenses in 2023) and growing its assets from $503,867 in 2014 to $779,179 in 2023, all while maintaining zero liabilities.
What is the trend in the organization's assets?
The organization shows a consistent upward trend in assets, growing from $503,867 in 2014 to $779,179 in 2023, indicating strong financial growth and stability over the past decade.
Filing History
IRS 990 filing history for Honolulu Fire Department Welfarefund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Honolulu Fire Department Welfarefund's revenue has grown by 4.3%, moving from $58K to $60K. Total assets increased by 95.4% over the same period, from $399K to $779K. Total functional expenses rose by 63.2%, from $20K to $33K. In its most recent filing year (2023), Honolulu Fire Department Welfarefund reported a surplus of $27K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $33K | $779K | $0 | — | — |
| 2022 | $60K | $30K | $752K | $0 | — | — |
| 2021 | $60K | $46K | $723K | $0 | — | — |
| 2020 | $59K | $36K | $708K | $0 | — | — |
| 2019 | $59K | $40K | $686K | $0 | — | View 990 |
| 2018 | $58K | $23K | $669K | $0 | — | View 990 |
| 2017 | $58K | $19K | $635K | $0 | — | View 990 |
| 2016 | $59K | $14K | $595K | $0 | — | View 990 |
| 2015 | $63K | $16K | $551K | $0 | — | View 990 |
| 2014 | $53K | $23K | $504K | $0 | — | View 990 |
| 2013 | $58K | $20K | $473K | $0 | — | View 990 |
| 2012 | $58K | $22K | $435K | $0 | — | View 990 |
| 2011 | $58K | $20K | $399K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $33K, and assets of $779K (revenue +0.1% year-over-year).
- 2022: Revenue of $60K, expenses of $30K, and assets of $752K (revenue +0.2% year-over-year).
- 2021: Revenue of $60K, expenses of $46K, and assets of $723K (revenue +0.8% year-over-year).
- 2020: Revenue of $59K, expenses of $36K, and assets of $708K (revenue +0.9% year-over-year).
- 2019: Revenue of $59K, expenses of $40K, and assets of $686K (revenue +1.2% year-over-year).
- 2018: Revenue of $58K, expenses of $23K, and assets of $669K (revenue -0.2% year-over-year).
- 2017: Revenue of $58K, expenses of $19K, and assets of $635K (revenue -1.1% year-over-year).
- 2016: Revenue of $59K, expenses of $14K, and assets of $595K (revenue -6.4% year-over-year).
- 2015: Revenue of $63K, expenses of $16K, and assets of $551K (revenue +17.9% year-over-year).
- 2014: Revenue of $53K, expenses of $23K, and assets of $504K (revenue -8.4% year-over-year).
- 2013: Revenue of $58K, expenses of $20K, and assets of $473K (revenue +-0.0% year-over-year).
- 2012: Revenue of $58K, expenses of $22K, and assets of $435K (revenue +1.4% year-over-year).
- 2011: Revenue of $58K, expenses of $20K, and assets of $399K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Honolulu Fire Department Welfarefund:
Data Sources and Methodology
This transparency report for Honolulu Fire Department Welfarefund 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.