Neil & Mary Kosasa Foundation
EIN: 710908953 · Honolulu, HI · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $171K |
| Total Expenses | $122K |
| Net Assets | $600K |
Is Neil & Mary Kosasa Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Neil & Mary Kosasa Foundation
Neil & Mary Kosasa Foundation (EIN: 710908953) is a nonprofit organization based in Honolulu, HI, classified under NTEE code T20. The organization reported total revenue of $171K and total assets of $630K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neil & Mary Kosasa Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neil & Mary Kosasa Foundation is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $122K |
| Surplus / Deficit | $-107,996 |
| Total Assets | $600K |
| Total Liabilities | $3 |
| Net Assets | $600K |
| Operating Margin | -786.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 59.2 months |
Financial Health Grade: B
In 2023, Neil & Mary Kosasa Foundation reported a deficit of $108K with expenses exceeding revenue, holds 59.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Neil & Mary Kosasa Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.4% | +499.8% | -15.2% |
| 2022 | +83.3% | +174.6% | +21.0% |
| 2021 | -47.1% | -94.1% | +13.8% |
| 2020 | +913.1% | +279.8% | +4.7% |
| 2019 | -93.4% | +75.5% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Neil & Mary Kosasa Foundation 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 Neil & Mary Kosasa Foundation 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 $108K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Neil & Mary Kosasa Foundation
Is Neil & Mary Kosasa Foundation a legitimate charity?
Neil & Mary Kosasa Foundation (EIN: 710908953) is a registered tax-exempt nonprofit based in Hawaii. It has 10 years of IRS 990 filings on record. Total revenue: $171K. No red flags identified. Financial health grade: B.
How does Neil & Mary Kosasa Foundation spend its money?
Neil & Mary Kosasa Foundation reported $171K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Neil & Mary Kosasa Foundation tax-deductible?
Neil & Mary Kosasa Foundation is registered as a tax-exempt nonprofit (EIN: 710908953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Neil & Mary Kosasa Foundation located?
Neil & Mary Kosasa Foundation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 710908953. It is classified under NTEE code T20.
How many years of IRS 990 filings does Neil & Mary Kosasa Foundation have?
Neil & Mary Kosasa Foundation has 10 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 $171K in total revenue.
Filing History
IRS 990 filing history for Neil & Mary Kosasa Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Neil & Mary Kosasa Foundation's revenue has declined by 35.6%, moving from $21K to $14K. Total assets increased by 130.1% over the same period, from $261K to $600K. Total functional expenses rose by 966.1%, from $11K to $122K. In its most recent filing year (2023), Neil & Mary Kosasa Foundation reported a deficit of $108K, with expenses exceeding revenue. The organization holds $3 in liabilities against $600K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $600K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $122K | $600K | $3 | — | View 990 |
| 2022 | $143K | $20K | $708K | $3 | — | View 990 |
| 2021 | $78K | $7K | $585K | $6 | — | View 990 |
| 2020 | $148K | $125K | $514K | $3 | — | — |
| 2019 | $15K | $33K | $491K | $6 | — | View 990 |
| 2015 | $220K | $19K | $486K | $3 | — | View 990 |
| 2014 | $27K | $16K | $284K | $3 | — | View 990 |
| 2013 | $28K | $24K | $273K | $3 | — | View 990 |
| 2012 | $21K | $12K | $269K | $3 | — | View 990 |
| 2011 | $21K | $11K | $261K | $3 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $122K, and assets of $600K (revenue -90.4% year-over-year).
- 2022: Revenue of $143K, expenses of $20K, and assets of $708K (revenue +83.3% year-over-year).
- 2021: Revenue of $78K, expenses of $7K, and assets of $585K (revenue -47.1% year-over-year).
- 2020: Revenue of $148K, expenses of $125K, and assets of $514K (revenue +913.1% year-over-year).
- 2019: Revenue of $15K, expenses of $33K, and assets of $491K (revenue -93.4% year-over-year).
- 2015: Revenue of $220K, expenses of $19K, and assets of $486K (revenue +712.2% year-over-year).
- 2014: Revenue of $27K, expenses of $16K, and assets of $284K (revenue -3.2% year-over-year).
- 2013: Revenue of $28K, expenses of $24K, and assets of $273K (revenue +35.3% year-over-year).
- 2012: Revenue of $21K, expenses of $12K, and assets of $269K (revenue -2.9% year-over-year).
- 2011: Revenue of $21K, expenses of $11K, and assets of $261K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neil & Mary Kosasa Foundation:
Data Sources and Methodology
This transparency report for Neil & Mary Kosasa 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.