Variety School of Hawaii

Analysis

Variety School of Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 1964, 62 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Variety School of Hawaii reported income of $2.2m and spending of $1.7m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.2m (+26%), an average of +5.9% a year. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Variety School of Hawaii sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within HI. Charities of a similar size with the same main cause include Safequest Solano ($2.2m), Neighborhood Center Inc ($2.2m) and Redondo Beach Educational Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $99k (5.9% of expenses). Other salaries and wages came to $966k. At year end it held assets of $4.7m against liabilities of $411k, net assets of $4.3m. It reported 24 employees.