Maui Academy of Performing Arts

Analysis

Maui Academy of Performing Arts is a registered charity in United States, based in Wailuku, HI. It received its IRS tax-exemption ruling in September 1979, 47 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, Maui Academy of Performing Arts reported income of $686k and spending of $1.2m, spending 176% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $686k (-54%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maui Academy of Performing Arts sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within HI. Charities of a similar size with the same main cause include East Central Regional Arts Council ($686k), Woburn Public Media Center Inc ($686k) and Ispace Inc ($686k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $93k (7.7% of expenses). Other salaries and wages came to $345k. At year end it held assets of $8.3m against liabilities of $6.6m, net assets of $1.7m. It reported 25 employees.