Urasenke Foundation of Hawaii

Analysis

Urasenke Foundation of Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in August 1976, 50 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, Urasenke Foundation of Hawaii reported income of $63k and spending of $90k, spending 143% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $43k to $63k (+46%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 149% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Urasenke Foundation of Hawaii sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within HI. Charities of a similar size with the same main cause include Appleby Foundation Inc ($63k), Marcus Hook Plank Log Cabin ($63k) and Publick Musick Inc ($63k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $170k against liabilities of $31k, net assets of $139k.