Kahilu Theatre Foundation

Analysis

Kahilu Theatre Foundation is a registered charity in United States, based in Kamuela, HI. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kahilu Theatre Foundation reported income of $2.1m and spending of $2.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kahilu Theatre Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within HI. Charities of a similar size with the same main cause include Young Musicians Unite Inc ($2.1m), Journey to Lead Inc ($2.1m) and Studebaker National Museum Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $141k (6.5% of expenses). Other salaries and wages came to $504k. At year end it held assets of $1.7m against liabilities of $375k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.