Academy of Himalayan Art and Children Development Inc

Analysis

Academy of Himalayan Art and Children Development Inc is a registered charity in United States, based in Holualoa, HI. It received its IRS tax-exemption ruling in October 2014, 12 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, Academy of Himalayan Art and Children Development Inc reported income of $406k and spending of $426k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $406k (-82%), an average of -35% a year. The sharpest change came in the year to December 2023, when income rose by 1524%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Himalayan Art and Children Development Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within HI. Charities of a similar size with the same main cause include King Manor Association of Long Island Inc ($406k), South Jersey Dream Center Inc ($406k) and Creative City KC Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (5.9% of expenses). At year end it held assets of $2.1m against liabilities of $152k, net assets of $1.9m.