Himalayan Academy

Analysis

Himalayan Academy is a registered charity in United States, based in Kapaa, HI. It received its IRS tax-exemption ruling in March 1970, 56 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Himalayan Academy reported income of $1.2m and spending of $1.3m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Himalayan Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within HI. Charities of a similar size with the same main cause include Natl Orgn for the Prof Adv of Black Chemists & Chemical Engineers ($1.2m), International Technology and Engineering Educators Association ($1.2m) and Westside Energy Services Training & Education Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. At year end it held assets of $1.4m against liabilities of $244k, net assets of $1.1m.