Hwoa

Analysis

Hwoa is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in June 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 (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, Hwoa reported income of $228k and spending of $243k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $228k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 272%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hwoa sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AR. Charities of a similar size with the same main cause include Indexical Inc ($228k), Crearte Latino Cultural Center Corp ($228k) and Cavalcade of Bands Association Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $62k (26% of expenses). Other salaries and wages came to $45k. At year end it held assets of $270k against liabilities of $497, net assets of $269k. It reported 5 employees.