Ballet Hawaii

Analysis

Ballet Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in October 1994, 32 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 2023, Ballet Hawaii reported income of $1.7m and spending of $1.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.7m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ballet Hawaii sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within HI. Charities of a similar size with the same main cause include Binghampton Christian Academy ($1.7m), Tri-State Christian School Association ($1.7m) and Far Conservatory of Therapeutic and Performing Arts ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $219k (12% of expenses). Other salaries and wages came to $574k. At year end it held assets of $2.0m against liabilities of $531k, net assets of $1.5m. It reported 29 employees.