Hana Arts

Analysis

Hana Arts is a registered charity in United States, based in Hana, HI. It received its IRS tax-exemption ruling in December 2003, 23 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 June 2023, Hana Arts reported income of $542k and spending of $541k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $289k to $542k (+88%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hana Arts sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within HI. Charities of a similar size with the same main cause include Livermore Valley Opera ($542k), Ohio & Erie Canal Association ($542k) and Center Stage Theatre Inc ($542k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $65k (12% of expenses). Other salaries and wages came to $327k. At year end it held assets of $113k against liabilities of $5,481, net assets of $107k. It reported 39 employees.