Aloha Performing Arts Company

Analysis

Aloha Performing Arts Company is a registered charity in United States, based in Kealakekua, HI. It received its IRS tax-exemption ruling in October 1988, 38 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 December 2022, Aloha Performing Arts Company reported income of $298k and spending of $413k, spending 138% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $539k to $298k (-45%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aloha Performing Arts Company sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within HI. Charities of a similar size with the same main cause include Cheltenham Township Art Centre ($298k), The Clay Studio Holdings Inc ($298k) and Ovation School for the Performing Arts ($298k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $68k (16% of expenses). Other salaries and wages came to $126k. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $90k. It reported 7 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.