Hawaii Education of the Arts Inc

Analysis

Hawaii Education of the Arts Inc is a registered charity in United States, based in Kailua, HI. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Hawaii Education of the Arts Inc reported income of $182k and spending of $165k, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $262k to $182k (-31%), an average of -7.1% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hawaii Education of the Arts Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within HI. Charities of a similar size with the same main cause include Boma-Chicago Foundation ($182k), Harlan Band Booster Organization ($182k) and Tabernacle Learning Center Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. At year end it held assets of $137k against liabilities of $111k, net assets of $26k.