Honolulu Theatre for Youth

Analysis

Honolulu Theatre for Youth is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in October 1970, 56 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 May 2024, Honolulu Theatre for Youth reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.7m to $2.2m (+27%), an average of +6.3% a year. The sharpest change came in the year to May 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honolulu Theatre for Youth sits at the 92nd percentile: it is larger than about 92% 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 Children After School Arts ($2.2m), Paramount Hudson Valley Arts ($2.2m) and Organic Syntheses Inc Wayne State University ($2.2m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $253k (12% of expenses). Other salaries and wages came to $812k. At year end it held assets of $1.3m against liabilities of $277k, net assets of $1.1m. It reported 32 employees.