Hoomaikai School For Creative Hearts
Hoomaikai School For Creative Hearts reported minimal revenue and assets in its sole 2011 filing, with liabilities exceeding assets.
EIN: 202482916 · Honolulu, HI · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $43K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $46,948. |
| Net Assets | $-3,537 |
| Transparency Score | 40/100 |
Is Hoomaikai School For Creative Hearts Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoomaikai School For Creative Hearts directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoomaikai School For Creative Hearts
Hoomaikai School For Creative Hearts (EIN: 202482916) is a nonprofit organization based in Honolulu, HI, classified under NTEE code A25. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoomaikai School For Creative Hearts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoomaikai School For Creative Hearts is a micro nonprofit that has been operating for 19 years.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $43K |
| Surplus / Deficit | +$4K |
| Total Assets | $5K |
| Total Liabilities | $9K |
| Net Assets | $-3,537 |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 167.8% |
| Months of Reserves | 1.5 months |
Financial Health Grade: B
In 2011, Hoomaikai School For Creative Hearts reported a surplus of $4K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 167.8% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Hoomaikai School For Creative Hearts with a Mission Score of 40 out of 100 (Fair). 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, Hoomaikai School For Creative Hearts 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 (2011)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 167.8%.
Executive Compensation Analysis
No officer compensation was reported in the 2011 filing, suggesting a volunteer-led or very early-stage operation, which is appropriate given the organization's small size and revenue of $46,948.
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.
Red Flags
The following concerns were identified during AI analysis of Hoomaikai School For Creative Hearts's IRS 990 filings:
- No IRS 990 filings since 2011, indicating a lack of current financial transparency.
- Liabilities ($8,756) exceeded assets ($5,219) in the 2011 filing, suggesting potential financial instability.
- Zero reported revenue and assets in the latest available data, which contradicts the 2011 filing and suggests a data gap or dormancy.
Strengths
The following positive indicators were identified for Hoomaikai School For Creative Hearts:
- No officer compensation reported in 2011, indicating resources were not diverted to executive salaries at that time.
- Operated with a small surplus in 2011 (Revenue $46,948 vs. Expenses $42,895).
Frequently Asked Questions about Hoomaikai School For Creative Hearts
Is Hoomaikai School For Creative Hearts a legitimate charity?
Hoomaikai School For Creative Hearts (EIN: 202482916) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 40/100. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Hoomaikai School For Creative Hearts spend its money?
Hoomaikai School For Creative Hearts directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hoomaikai School For Creative Hearts tax-deductible?
Hoomaikai School For Creative Hearts is registered as a tax-exempt nonprofit (EIN: 202482916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hoomaikai School For Creative Hearts CEO make?
Hoomaikai School For Creative Hearts's highest-compensated officer earns $46,948. annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hoomaikai School For Creative Hearts's spending goes to programs?
Hoomaikai School For Creative Hearts directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hoomaikai School For Creative Hearts compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Hoomaikai School For Creative Hearts is near average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoomaikai School For Creative Hearts located?
Hoomaikai School For Creative Hearts is headquartered in Honolulu, Hawaii and files with the IRS under EIN 202482916. It is classified under NTEE code A25.
Is Hoomaikai School For Creative Hearts still operational?
The lack of any IRS 990 filings since 2011, despite its EIN being active, raises significant questions about whether Hoomaikai School For Creative Hearts is still actively operating or has ceased its activities.
What are the current financial activities of the organization?
Without more recent IRS 990 filings, it is impossible to determine the current financial activities, revenue, expenses, or asset levels of Hoomaikai School For Creative Hearts.
How does the organization fund its programs?
Based on the 2011 filing, the organization had revenue of $46,948, but the specific sources (e.g., donations, grants, program service fees) are not detailed in the provided summary. More recent data would be needed to understand current funding.
Filing History
IRS 990 filing history for Hoomaikai School For Creative Hearts showing financial trends over 1 year of public records:
In its most recent filing year (2011), Hoomaikai School For Creative Hearts reported a surplus of $4K, with revenue exceeding expenses. The organization holds $9K in liabilities against $5K in assets (debt-to-asset ratio: 167.8%), resulting in net assets of $-3,537.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $47K | $43K | $5K | $9K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoomaikai School For Creative Hearts:
Data Sources and Methodology
This transparency report for Hoomaikai School For Creative Hearts 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.