Hawaii Island Pacific & Asia Cultural Celebration Inc

Analysis

Hawaii Island Pacific & Asia Cultural Celebration Inc is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in December 2016, 10 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, Hawaii Island Pacific & Asia Cultural Celebration Inc reported income of $106k and spending of $91k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $106k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hawaii Island Pacific & Asia Cultural Celebration Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within HI. Charities of a similar size with the same main cause include American Friends of the National Gallery of Ireland Inc ($106k), Cambridge Community Chorus Inc ($106k) and Art and Music Center Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.