Hawaii Symphony Orchestra

Analysis

Hawaii Symphony Orchestra is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in January 2012, 14 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, Hawaii Symphony Orchestra reported income of $5.1m and spending of $5.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.1m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hawaii Symphony Orchestra sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within HI. Charities of a similar size with the same main cause include Downtown Community Television Center Inc ($5.1m), Houston Symphony Endowment ($5.1m) and Kohl Childrens Museum of Greater Chicago Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $190k (3.6% of expenses). Other salaries and wages came to $2.2m. It paid $112k in professional fundraising fees. At year end it held assets of $866k against liabilities of $1.5m, net assets of -$585k. It reported 245 employees.