Honolulu Biennial Foundation

Analysis

Honolulu Biennial Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 2015, 11 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, Honolulu Biennial Foundation reported income of $374k and spending of $634k, spending 170% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $896k to $374k (-58%), an average of -20% a year. The sharpest change came in the year to June 2021, when income rose by 508%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honolulu Biennial Foundation 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 65th percentile, and in the 64th percentile within HI. Charities of a similar size with the same main cause include Ngo Committee on the Status of Women Ny Inc ($374k), Three Dollar Bill Cinema ($374k) and Opera on Tap ($374k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $115k (18% of expenses). Other salaries and wages came to $224k. At year end it held assets of $177k against liabilities of $175k, net assets of $2,164. It reported 14 employees.