Maui Classical Music Festival

Analysis

Maui Classical Music Festival is a registered charity in United States, based in Kihei, HI. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Maui Classical Music Festival reported income of $92k and spending of $108k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $87k to $92k (+6.0%), an average of +6.0% a year. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maui Classical Music Festival sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within HI. Charities of a similar size with the same main cause include City of Georgetown Winyah Auditorium Corporation ($92k), Mariachi Craze ($92k) and Friends of the Union Meeting Hall Inc ($92k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.