Kona Choral Society Inc

Analysis

Kona Choral Society Inc is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in July 2003, 23 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 June 2024, Kona Choral Society Inc reported income of $190k and spending of $216k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $152k to $190k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 86%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kona Choral Society Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within HI. Charities of a similar size with the same main cause include Cobb County Youth Museum Inc ($190k), GHF Endowment Inc ($190k) and The National Voice of America Museum of Broadcasting ($190k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $42k. At year end it held assets of $146k against liabilities of $14k, net assets of $132k.