Ululani Foundation
Ululani Foundation faces significant revenue shortfalls, drawing down assets to cover consistent expenses.
EIN: 203283739 · Kailua Kona, HI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $236K |
| Program Spending | 70% |
| Net Assets | $3.3M |
| Transparency Score | 45/100 |
Is Ululani Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ululani Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ululani Foundation
Ululani Foundation (EIN: 203283739) is a nonprofit organization based in Kailua Kona, HI, classified under NTEE code T22. The organization reported total revenue of $4.0M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ululani Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ululani Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -427.6% | +7.6% | -7.5% |
| 2022 | -82.6% | -10.4% | -5.7% |
| 2021 | -93.1% | -0.9% | -4.9% |
| 2020 | +81.5% | -21.8% | +15.4% |
| 2019 | +298.3% | -3.2% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Ululani Foundation with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Ululani Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not reflected in this specific line item. This suggests a commitment to minimizing overhead in leadership salaries, which is generally positive for a nonprofit.
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 Ululani Foundation's IRS 990 filings:
- Consistent negative or extremely low revenue compared to expenses (e.g., -$30,192 revenue vs. $235,609 expenses in 2023).
- Significant and continuous drawdown of assets over recent years (from $3.9M in 2020 to $3.2M in 2023).
- Unsustainable financial model relying on asset depletion rather than earned or donated income.
Strengths
The following positive indicators were identified for Ululani Foundation:
- Zero reported officer compensation across all filings, indicating a volunteer-led or highly efficient executive structure.
- Maintains substantial assets (over $3 million), providing a buffer despite current financial trends.
- Consistent IRS 990 filing history, demonstrating transparency in reporting.
Frequently Asked Questions about Ululani Foundation
Is Ululani Foundation a legitimate charity?
Ululani Foundation (EIN: 203283739) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Ululani Foundation spend its money?
Ululani Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Ululani Foundation tax-deductible?
Ululani Foundation is registered as a tax-exempt nonprofit (EIN: 203283739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ululani Foundation's spending goes to programs?
Ululani Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Ululani Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Ululani Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ululani Foundation located?
Ululani Foundation is headquartered in Kailua Kona, Hawaii and files with the IRS under EIN 203283739. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ululani Foundation have?
Ululani 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 $4.0M in total revenue.
Is Ululani Foundation a good charity?
The Ululani Foundation's financial health is concerning due to consistent negative or very low revenue compared to its expenses, leading to a drawdown of assets. While it reports no officer compensation, which is positive, its long-term sustainability is questionable without a significant increase in revenue.
How does Ululani Foundation fund its operations?
Based on the provided data, the Ululani Foundation appears to be funding its operations primarily by drawing down its existing asset base, as its annual expenses (e.g., $235,609 in 2023) consistently exceed its revenue (e.g., -$30,192 in 2023, $9,215 in 2022).
What is the trend in Ululani Foundation's assets?
The Ululani Foundation's assets have been on a declining trend in recent years, decreasing from $3,942,261 in 2020 to $3,269,973 in 2023, indicating a depletion of reserves.
Filing History
IRS 990 filing history for Ululani Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ululani Foundation's revenue has declined by 118.5%, moving from $163K to $-30,192. Total assets decreased by 8% over the same period, from $3.6M to $3.3M. Total functional expenses fell by 18.3%, from $288K to $236K. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-30,192 | $236K | $3.3M | $1 | — | — |
| 2022 | $9K | $219K | $3.5M | $1 | — | View 990 |
| 2021 | $53K | $244K | $3.8M | $1 | — | View 990 |
| 2020 | $772K | $247K | $3.9M | $1 | — | View 990 |
| 2019 | $425K | $315K | $3.4M | $1 | — | — |
| 2015 | $107K | $326K | $3.4M | $1 | — | View 990 |
| 2014 | $100K | $226K | $3.6M | $1 | — | View 990 |
| 2013 | $84K | $193K | $3.8M | $1 | — | View 990 |
| 2012 | $476K | $223K | $3.9M | $1 | — | View 990 |
| 2011 | $163K | $288K | $3.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-30,192, expenses of $236K, and assets of $3.3M (revenue -427.6% year-over-year).
- 2022: Revenue of $9K, expenses of $219K, and assets of $3.5M (revenue -82.6% year-over-year).
- 2021: Revenue of $53K, expenses of $244K, and assets of $3.8M (revenue -93.1% year-over-year).
- 2020: Revenue of $772K, expenses of $247K, and assets of $3.9M (revenue +81.5% year-over-year).
- 2019: Revenue of $425K, expenses of $315K, and assets of $3.4M (revenue +298.3% year-over-year).
- 2015: Revenue of $107K, expenses of $326K, and assets of $3.4M (revenue +6.9% year-over-year).
- 2014: Revenue of $100K, expenses of $226K, and assets of $3.6M (revenue +19.4% year-over-year).
- 2013: Revenue of $84K, expenses of $193K, and assets of $3.8M (revenue -82.4% year-over-year).
- 2012: Revenue of $476K, expenses of $223K, and assets of $3.9M (revenue +191.4% year-over-year).
- 2011: Revenue of $163K, expenses of $288K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ululani Foundation:
Data Sources and Methodology
This transparency report for Ululani 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.