Hawaii Performing Arts Festival Inc

Analysis

Hawaii Performing Arts Festival Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hawaii Performing Arts Festival Inc reported income of $428k and spending of $429k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $436k to $428k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 986%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hawaii Performing Arts Festival Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Exploration Foundation ($428k), Band Boosters Club of Franklin Central High School Inc ($428k) and Education Incubator ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.