Kealakai Center for Pacific String Traditions

Analysis

Kealakai Center for Pacific String Traditions is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 2019, 7 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, Kealakai Center for Pacific String Traditions reported income of $126k and spending of $172k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $126k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 183%. 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, Kealakai Center for Pacific String Traditions sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within HI. Charities of a similar size with the same main cause include Field Center Inc ($126k), Robotics and Beyond Inc ($126k) and Red Mountain Makers ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (33% of expenses). At year end it held assets of $21k against liabilities of $1,212, net assets of $20k. It reported 1 employees.