Proarts Inc

Analysis

Proarts Inc is a registered charity in United States, based in Kihei, HI. It received its IRS tax-exemption ruling in February 2011, 15 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 2023, Proarts Inc reported income of $537k and spending of $547k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $201k to $537k (+167%), an average of +39% a year. The sharpest change came in the year to June 2022, when income rose by 309%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Proarts Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within HI. Charities of a similar size with the same main cause include Mesa Refuge ($537k), Humboldt Chamber of Commerce ($538k) and Church Hill Irish Festival by the Spbba ($537k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $111k. At year end it held assets of $339k against liabilities of $99k, net assets of $241k. It reported 2 employees.