Bandwagon Institute for the Arts

Analysis

Bandwagon Institute for the Arts is a registered charity in United States, based in Koloa, HI. It received its IRS tax-exemption ruling in March 2017, 9 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 December 2023, Bandwagon Institute for the Arts reported income of $230k and spending of $250k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $288k to $230k (-20%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bandwagon Institute for the Arts sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within HI. Charities of a similar size with the same main cause include Columbus Arts Council Incorporated ($230k), Magenta Theater ($230k) and Professional Artistic Research Projects ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 47% of the total. Other salaries and wages came to $118k. At year end it held assets of $60k against liabilities of $1,724, net assets of $58k. It reported 30 employees.