Hawaii Ballet Theatre for Youth

Analysis

Hawaii Ballet Theatre for Youth is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 1982, 44 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 December 2023, Hawaii Ballet Theatre for Youth reported income of $445k and spending of $412k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $303k to $445k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 78% 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 Ballet Theatre for Youth sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within HI. Charities of a similar size with the same main cause include Comfort and Joy ($445k), Topaz Museum ($445k) and Davis Arts Center ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $29k (7.0% of expenses). At year end it held assets of $324k against liabilities of $449, net assets of $323k.