Hawaii Concert Society

Analysis

Hawaii Concert Society is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in December 1972, 54 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 June 2024, Hawaii Concert Society reported income of $80k and spending of $76k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $63k to $80k (+26%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hawaii Concert Society sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within HI. Charities of a similar size with the same main cause include Association of Fundraising Professionals ($80k), Boy Scouts of America ($80k) and Kentucky Health Information Management Association ($80k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.