Merrie Monarch Festival

Analysis

Merrie Monarch Festival is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in July 1995, 31 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 2024, Merrie Monarch Festival reported income of $1.4m and spending of $1.0m, leaving 29% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $893k to $1.4m (+59%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 137%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Merrie Monarch Festival sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within HI. Charities of a similar size with the same main cause include Devils Youth Foundation Inc ($1.4m), Symphony Orchestra of Northwest Arkansas ($1.4m) and Idaho Falls Arts Council Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.