Molokai Arts Center Inc

Analysis

Molokai Arts Center Inc is a registered charity in United States, based in Kualapuu, HI. It received its IRS tax-exemption ruling in December 2010, 16 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 December 2023, Molokai Arts Center Inc reported income of $126k and spending of $123k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $133k to $126k (-5.4%), an average of -5.4% a year. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Molokai Arts Center Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within HI. Charities of a similar size with the same main cause include Limelight Performing Arts ($126k), Wallingford Symphony Society Inc ($126k) and Design Bay Area ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 22% of the total. At year end it held assets of $40k against liabilities of $8,490, net assets of $32k.