Hawaii Opera Theatre

Analysis

Hawaii Opera Theatre is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 1980, 46 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 May 2023, Hawaii Opera Theatre reported income of $3.8m and spending of $3.7m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $4.2m to $3.8m (-8.7%), an average of -2.3% a year. The sharpest change came in the year to May 2022, when income rose by 60%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hawaii Opera Theatre sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within HI. Charities of a similar size with the same main cause include Dr Pepper Museum and Free Enterprise Institute ($3.8m), Chorus America Association ($3.8m) and Kentucky Dataseam Initiative Inc ($3.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 79% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $207k (5.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.5m against liabilities of $3.9m, net assets of $5.6m. It reported 82 employees.