Hawaii Army Museum Society

Analysis

Hawaii Army Museum Society is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Hawaii Army Museum Society reported income of $233k and spending of $262k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $291k to $233k (-20%), an average of -5.4% a year. The sharpest change came in the year to September 2023, when income rose by 156%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hawaii Army Museum Society sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within HI. Charities of a similar size with the same main cause include The St Marys County Arts Council Inc ($233k), Alliance Area Senior Citizens Center Inc ($233k) and Friends of Tops ($233k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $38k (14% of expenses). Other salaries and wages came to $98k. At year end it held assets of $1.6m against liabilities of $8,922, net assets of $1.5m. It reported 4 employees.