Charity Search / IOLANI SCHOOL
Education (B200) IRS Verified DX Registered 990 on File

IOLANI SCHOOL

EIN: 99-0073502 · HONOLULU, HI 96826-5245 · United States · FY 2023 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 79/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

‘Iolani School is a co-educational, college-preparatory school for grades K-12 founded upon Christian principles. Its mission is to develop liberally educated, well-rounded individuals who are well prepared for higher education and for responsible, moral citizenship. To foster academic excellence and personal growth, a school must be challenging and competitive yet compassionate and humane. The 'Iolani motto "One Team" expresses the spirit of unselfish cooperation and mutual support among faculty, staff, coaches, parents and students. 'Iolani School is committed to the following ideals: An education which reflects its Episcopal Church heritage and provides a spiritual foundation for the development of personal values and moral integrity. An exemplary college preparatory curriculum with small classes, personalized instruction and frequent occasions to speak, listen, think and write. The development of individuals who are creative and inquisitive, who can analyze and synthesize information to solve problems, and who conduct themselves with confidence, discretion, tolerance and compassion. A student body diverse in cultural, ethnic, and socioeconomic backgrounds who bring the best combination of intellect, talent, character and leadership to the school. Programs which offer students ample opportunity to develop their ability and confidence in intellectual, spiritual, social, aesthetic and physical pursuits. A balance of commitment to personal growth with concern for others Lifelong learning and active, informed, productive citizenship in the local, national and global communities.

Financial Overview — FY 2023
$99.3M
Total Revenue
$87.5M
Total Expenses
$308.1M
Net Assets
1184
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 87.2%
Fundraising Efficiency 250.2%
Operating Reserve 42.27x
Liability-to-Asset 26.6%
Revenue Diversification 68.1%
Executive Compensation $1.2M
Compared with Peers
FY 2023
Compared with 3,578 similar organizations (United States, Education, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
87.2% 84.4%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
9.4% 13.5%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
3.5% 0.7%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
250.2% 631.2%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
42.3 mo 10.9 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
26.6% 34.2%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
68.1% 87.3%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
4.0% 4.8%
P10P90
Expense growth
Year over year expense growth
8.7% 8.5%
P10P90
Surplus margin
Surplus as a share of revenue
11.9% 2.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $99.3M $87.5M $308.1M 87.2% 1184
2022 $95.4M $80.5M $274.7M 89.0% 1183
2021 $108.0M $75.3M N/A 992
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Organization Details
EIN
99-0073502
State
HI
City
HONOLULU
ZIP
96826-5245
Classification
B200
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1865
Foundation Code
11
Form 990
On File
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