Hawaii Youth Symphony Association

Analysis

Hawaii Youth Symphony Association is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 1968, 58 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 June 2023, Hawaii Youth Symphony Association reported income of $1.3m and spending of $1.6m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hawaii Youth Symphony Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within HI. Charities of a similar size with the same main cause include Rocky Mountain Student Media Corporation ($1.3m), Minnesota A-A-E ($1.3m) and Bennington Museum Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $123k (7.7% of expenses). Other salaries and wages came to $386k. At year end it held assets of $3.3m against liabilities of $518k, net assets of $2.8m. It reported 80 employees.