Hyasa Center

Analysis

Hyasa Center is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Hyasa Center reported income of $376k and spending of $366k, spending 97% of its income. Across the 5 years on record, from December 2000 to December 2022, income fell from $563k to $376k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hyasa Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Assitej-Usa Incorporated ($376k), Blue Bamboo Center for the Arts Inc ($376k) and Bell Tower Production & Dinner Theater ($376k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $26k (7.2% of expenses). At year end it held assets of $36k against liabilities of $0, net assets of $36k. It reported 2 employees.