Honolulu Festival Foundation

Analysis

Honolulu Festival Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in September 2001, 25 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 May 2023, Honolulu Festival Foundation reported income of $1.2m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.8m to $1.2m (-29%), an average of -8.3% a year. The sharpest change came in the year to May 2023, when income rose by 687%. Over the whole period it spent 131% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honolulu Festival Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within HI. Charities of a similar size with the same main cause include Art Colony Association Inc ($1.2m), National Institute of Statistical Sciences ($1.2m) and So Oh Shinali Sister Project ($1.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. At year end it held assets of $662k against liabilities of $37k, net assets of $625k.