Diamond Head Theatre

Analysis

Diamond Head Theatre is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in July 1945, 81 years ago. 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 August 2023, Diamond Head Theatre reported income of $8.6m and spending of $3.1m, leaving 64% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.8m to $8.6m (+49%), an average of +11% a year. The sharpest change came in the year to August 2023, when income rose by 81%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Diamond Head Theatre sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within HI. Charities of a similar size with the same main cause include YWCA White Plains & Central Westchester Inc ($8.6m), Villages Inc ($8.6m) and Industrial Council of Nearwest Chicago ($8.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $182k (5.8% of expenses). Other salaries and wages came to $627k. At year end it held assets of $34.1m against liabilities of $4.4m, net assets of $29.7m. It reported 69 employees.