Olelo Community Television

Analysis

Olelo Community Television is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in August 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 December 2023, Olelo Community Television reported income of $8.2m and spending of $9.9m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.9m to $8.2m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olelo Community Television sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within HI. Charities of a similar size with the same main cause include Ccat Observatory Inc ($8.2m), Cabot Performing Arts Center Inc ($8.2m) and Institute for Progress ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $228k (2.3% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $26.0m against liabilities of $15.2m, net assets of $10.8m. It reported 82 employees.