Leonard Hoshijo Memorial Foundation
Leonard Hoshijo Memorial Foundation shows significant asset base but highly volatile revenue and expenses often exceeding income.
EIN: 203746814 · Honolulu, HI · NTEE: L11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $15.3M |
| Transparency Score | 75/100 |
Is Leonard Hoshijo Memorial Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leonard Hoshijo Memorial Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leonard Hoshijo Memorial Foundation
Leonard Hoshijo Memorial Foundation (EIN: 203746814) is a nonprofit organization based in Honolulu, HI, classified under NTEE code L11. The organization reported total revenue of $2.4M and total assets of $18.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leonard Hoshijo Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leonard Hoshijo Memorial Foundation is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -166.7% | +1273.6% | -11.8% |
| 2022 | +6.5% | -80.0% | -11.3% |
| 2021 | +1.7% | -2.0% | +11.8% |
| 2020 | -98.2% | -7.4% | -3.3% |
| 2019 | +18097.5% | +649.5% | +212.1% |
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 Leonard Hoshijo Memorial Foundation with a Mission Score of 75 out of 100 (Good). 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, Leonard Hoshijo Memorial Foundation 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive compensation, which is highly favorable for donor trust and efficient use of funds.
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 Leonard Hoshijo Memorial Foundation's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2023 ($-161,124).
- Expenses frequently exceed revenue in recent years, potentially indicating reliance on asset drawdowns (e.g., 2023 expenses of $2,204,411 against negative revenue).
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in the provided summary makes efficiency assessment challenging.
Strengths
The following positive indicators were identified for Leonard Hoshijo Memorial Foundation:
- Substantial asset base ($18,107,139 latest) provides financial stability.
- Consistent 0% officer compensation demonstrates strong commitment to minimizing executive overhead.
- Minimal liabilities ($1 in recent years) indicates responsible financial management and low debt burden.
Frequently Asked Questions about Leonard Hoshijo Memorial Foundation
Is Leonard Hoshijo Memorial Foundation a legitimate charity?
Leonard Hoshijo Memorial Foundation (EIN: 203746814) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Leonard Hoshijo Memorial Foundation spend its money?
Leonard Hoshijo Memorial Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Leonard Hoshijo Memorial Foundation tax-deductible?
Leonard Hoshijo Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 203746814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Leonard Hoshijo Memorial Foundation's spending goes to programs?
Leonard Hoshijo Memorial Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leonard Hoshijo Memorial Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Leonard Hoshijo Memorial Foundation is above average for NTEE category L11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leonard Hoshijo Memorial Foundation located?
Leonard Hoshijo Memorial Foundation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 203746814. It is classified under NTEE code L11.
How many years of IRS 990 filings does Leonard Hoshijo Memorial Foundation have?
Leonard Hoshijo Memorial Foundation has 12 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 $2.4M in total revenue.
What caused the significant negative revenue of $-161,124 in 2023?
Negative revenue can result from various factors such as investment losses, returns of grants, or significant adjustments. Further detail from the full 990 filing would be needed to pinpoint the exact cause.
How does the organization sustain its operations with expenses frequently exceeding revenue?
The organization likely relies on its substantial asset base, which was $18,107,139 in the latest filing, to cover operational shortfalls when expenses exceed incoming revenue, as seen in 2023 ($2,204,411 expenses vs. negative revenue).
What is the nature of the large expenses in 2023 ($2,204,411) compared to previous years?
The 2023 expenses are significantly higher than most prior years (e.g., $160,488 in 2022, $804,341 in 2021). A detailed breakdown from the 990 would be necessary to understand if these were program-related, administrative, or other significant outlays.
Filing History
IRS 990 filing history for Leonard Hoshijo Memorial Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Leonard Hoshijo Memorial Foundation's revenue has declined by 393.6%, moving from $55K to $-161,124. Total assets increased by 177.3% over the same period, from $5.5M to $15.3M. Total functional expenses rose by 1720.8%, from $121K to $2.2M. The organization holds $1 in liabilities against $15.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-161,124 | $2.2M | $15.3M | $1 | — | View 990 |
| 2022 | $242K | $160K | $17.4M | $1 | — | View 990 |
| 2021 | $227K | $804K | $19.6M | $1 | — | View 990 |
| 2020 | $223K | $820K | $17.5M | $1 | — | View 990 |
| 2019 | $12.6M | $886K | $18.1M | $652K | — | View 990 |
| 2017 | $70K | $118K | $5.8M | $0 | — | — |
| 2016 | $60K | $121K | $5.9M | $0 | — | View 990 |
| 2015 | $54K | $131K | $5.9M | $0 | — | View 990 |
| 2014 | $48K | $109K | $6.0M | $0 | — | View 990 |
| 2013 | $1.1M | $471K | $6.1M | $0 | — | View 990 |
| 2012 | $66K | $114K | $5.5M | $15K | — | View 990 |
| 2011 | $55K | $121K | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-161,124, expenses of $2.2M, and assets of $15.3M (revenue -166.7% year-over-year).
- 2022: Revenue of $242K, expenses of $160K, and assets of $17.4M (revenue +6.5% year-over-year).
- 2021: Revenue of $227K, expenses of $804K, and assets of $19.6M (revenue +1.7% year-over-year).
- 2020: Revenue of $223K, expenses of $820K, and assets of $17.5M (revenue -98.2% year-over-year).
- 2019: Revenue of $12.6M, expenses of $886K, and assets of $18.1M (revenue +18097.5% year-over-year).
- 2017: Revenue of $70K, expenses of $118K, and assets of $5.8M (revenue +15.8% year-over-year).
- 2016: Revenue of $60K, expenses of $121K, and assets of $5.9M (revenue +11.5% year-over-year).
- 2015: Revenue of $54K, expenses of $131K, and assets of $5.9M (revenue +11.6% year-over-year).
- 2014: Revenue of $48K, expenses of $109K, and assets of $6.0M (revenue -95.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $471K, and assets of $6.1M (revenue +1496.8% year-over-year).
- 2012: Revenue of $66K, expenses of $114K, and assets of $5.5M (revenue +20.7% year-over-year).
- 2011: Revenue of $55K, expenses of $121K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leonard Hoshijo Memorial Foundation:
Data Sources and Methodology
This transparency report for Leonard Hoshijo Memorial Foundation 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.