Holualoa Foundation for Arts and Culture

Analysis

Holualoa Foundation for Arts and Culture is a registered charity in United States, based in Holualoa, HI. It received its IRS tax-exemption ruling in December 1995, 31 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 2023, Holualoa Foundation for Arts and Culture reported income of $897k and spending of $914k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $559k to $897k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Holualoa Foundation for Arts and Culture sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within HI. Charities of a similar size with the same main cause include City Lights Performance Group of San Jose Inc ($897k), Community Television of Santa Cruz County Inc ($897k) and The Legacy Arts Project Inc ($897k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $77k (8.5% of expenses). Other salaries and wages came to $307k. At year end it held assets of $1.1m against liabilities of $70k, net assets of $1.1m. It reported 9 employees.