Hawaii Theatre Center

Analysis

Hawaii Theatre Center is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 1990, 36 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 May 2023, Hawaii Theatre Center reported income of $3.7m and spending of $4.6m, spending 124% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.9m to $3.7m (+28%), an average of +6.4% a year. The sharpest change came in the year to May 2022, when income rose by 151%. Over the whole period it spent 141% 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 Theatre Center 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 90th percentile, and in the 91st percentile within HI. Charities of a similar size with the same main cause include Massachusetts Historical Society ($3.7m), Kingsburg Media Foundation ($3.7m) and Marty Stuart Center Inc ($3.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 26% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $295k (6.4% of expenses). Other salaries and wages came to $504k. At year end it held assets of $12.3m against liabilities of $3.9m, net assets of $8.4m. It reported 18 employees.

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.