Honolulu Symphony Foundation Inc

Analysis

Honolulu Symphony Foundation Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Honolulu Symphony Foundation Inc reported income of $668k and spending of $767k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $818k to $668k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Honolulu Symphony Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within HI. Charities of a similar size with the same main cause include United Way of Hood County Inc ($668k), Amador Friends of Music ($668k) and Wray Community Child Care Center ($668k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $11.9m against liabilities of $1.5m, net assets of $10.4m.