Hula Preservation Society

Analysis

Hula Preservation Society is a registered charity in United States, based in Kaneohe, HI. It received its IRS tax-exemption ruling in October 2000, 26 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, Hula Preservation Society reported income of $521k and spending of $260k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $521k (+123%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hula Preservation Society 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 70th percentile within HI. Charities of a similar size with the same main cause include Richmond Art Museum Inc ($521k), Virginia Foundation for Agriculture in the Classroom ($522k) and Leavenworth Nutcracker Museum ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $81k (31% of expenses). Other salaries and wages came to $56k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 4 employees.