Hawaii Education Of The Arts Inc
Hawaii Education Of The Arts Inc consistently reports no officer compensation amidst fluctuating revenues and stable asset growth.
EIN: 202597039 · Kailua, HI · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $173K |
| Total Expenses | $165K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $180,000. |
| Net Assets | $26K |
| Transparency Score | 85/100 |
Is Hawaii Education Of The Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hawaii Education Of The Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hawaii Education Of The Arts Inc
Hawaii Education Of The Arts Inc (EIN: 202597039) is a nonprofit organization based in Kailua, HI, classified under NTEE code B99. The organization reported total revenue of $173K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hawaii Education Of The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hawaii Education Of The Arts Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $165K |
| Surplus / Deficit | +$17K |
| Total Assets | $137K |
| Total Liabilities | $111K |
| Net Assets | $26K |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 81.0% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2023, Hawaii Education Of The Arts Inc reported a surplus of $17K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 81.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hawaii Education Of The Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +146.2% | +135.8% | +13.8% |
| 2022 | +27.2% | -25.5% | +3.4% |
| 2021 | -9.7% | +0.7% | -14.1% |
| 2020 | -71.4% | -57.9% | +243.3% |
| 2019 | -14.2% | -21.4% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hawaii Education Of The Arts Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hawaii Education Of The Arts Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 81.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with recent revenues around $180,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hawaii Education Of The Arts Inc's IRS 990 filings:
- Fluctuating revenue and expense levels, leading to occasional deficit spending (e.g., 2021 expenses of $93,896 exceeded revenue of $58,018).
- Relatively high liabilities in recent years ($110,700 in 2023) compared to total assets ($136,751).
Strengths
The following positive indicators were identified for Hawaii Education Of The Arts Inc:
- Consistent 0% officer compensation across all filings, demonstrating strong financial stewardship.
- Positive net assets in most recent periods, indicating financial stability.
- Significant revenue growth from 2021 to 2023 ($58,018 to $181,630).
- Long filing history (13 filings) indicates sustained operation and compliance.
Frequently Asked Questions about Hawaii Education Of The Arts Inc
Is Hawaii Education Of The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hawaii Education Of The Arts Inc (EIN: 202597039) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Hawaii Education Of The Arts Inc spend its money?
Hawaii Education Of The Arts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hawaii Education Of The Arts Inc tax-deductible?
Hawaii Education Of The Arts Inc is registered as a tax-exempt nonprofit (EIN: 202597039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hawaii Education Of The Arts Inc CEO make?
Hawaii Education Of The Arts Inc's highest-compensated officer earns $180,000. annually. The organization reported $173K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hawaii Education Of The Arts Inc's spending goes to programs?
Hawaii Education Of The Arts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hawaii Education Of The Arts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hawaii Education Of The Arts Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hawaii Education Of The Arts Inc located?
Hawaii Education Of The Arts Inc is headquartered in Kailua, Hawaii and files with the IRS under EIN 202597039. It is classified under NTEE code B99.
How many years of IRS 990 filings does Hawaii Education Of The Arts Inc have?
Hawaii Education Of The Arts Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $173K in total revenue.
Is Hawaii Education Of The Arts Inc a good charity?
Based on the available data, Hawaii Education Of The Arts Inc appears to be a good charity, primarily due to its consistent reporting of 0% officer compensation, indicating a strong commitment to its mission. While there have been periods of deficit spending, recent years show a more balanced financial picture.
How has the organization's revenue trended over the past few years?
The organization's revenue has fluctuated, with a notable increase from $58,018 in 2021 to $181,630 in 2023, following a dip from higher revenues in 2018 ($261,837) and 2019 ($224,562).
What is the organization's approach to executive compensation?
Hawaii Education Of The Arts Inc reports 0% officer compensation in all available filings, indicating that no salaries are paid to its executives, which is a strong positive for financial efficiency and mission focus.
Are there any concerns regarding the organization's liabilities?
The organization's liabilities have been relatively high in recent years, reaching $110,700 in 2023 against assets of $136,751. While manageable, this level of liabilities warrants monitoring to ensure long-term financial health.
Filing History
IRS 990 filing history for Hawaii Education Of The Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hawaii Education Of The Arts Inc's revenue has grown by 56.6%, moving from $116K to $182K. Total assets increased by 251.2% over the same period, from $39K to $137K. Total functional expenses rose by 87.1%, from $88K to $165K. In its most recent filing year (2023), Hawaii Education Of The Arts Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $111K in liabilities against $137K in assets (debt-to-asset ratio: 81.0%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $165K | $137K | $111K | — | — |
| 2022 | $74K | $70K | $120K | $111K | — | View 990 |
| 2021 | $58K | $94K | $116K | $111K | — | View 990 |
| 2020 | $64K | $93K | $135K | $123K | — | View 990 |
| 2019 | $225K | $221K | $39K | $1K | — | View 990 |
| 2018 | $262K | $282K | $35K | $0 | — | View 990 |
| 2017 | $167K | $168K | $84K | $8K | — | View 990 |
| 2016 | $166K | $173K | $53K | $0 | — | View 990 |
| 2015 | $142K | $140K | $65K | $5K | — | View 990 |
| 2014 | $140K | $125K | $58K | $0 | — | View 990 |
| 2013 | $174K | $188K | $44K | $300 | — | View 990 |
| 2012 | $140K | $123K | $216K | $160K | — | View 990 |
| 2011 | $116K | $88K | $39K | $199 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182K, expenses of $165K, and assets of $137K (revenue +146.2% year-over-year).
- 2022: Revenue of $74K, expenses of $70K, and assets of $120K (revenue +27.2% year-over-year).
- 2021: Revenue of $58K, expenses of $94K, and assets of $116K (revenue -9.7% year-over-year).
- 2020: Revenue of $64K, expenses of $93K, and assets of $135K (revenue -71.4% year-over-year).
- 2019: Revenue of $225K, expenses of $221K, and assets of $39K (revenue -14.2% year-over-year).
- 2018: Revenue of $262K, expenses of $282K, and assets of $35K (revenue +57.1% year-over-year).
- 2017: Revenue of $167K, expenses of $168K, and assets of $84K (revenue +0.6% year-over-year).
- 2016: Revenue of $166K, expenses of $173K, and assets of $53K (revenue +16.3% year-over-year).
- 2015: Revenue of $142K, expenses of $140K, and assets of $65K (revenue +1.7% year-over-year).
- 2014: Revenue of $140K, expenses of $125K, and assets of $58K (revenue -19.5% year-over-year).
- 2013: Revenue of $174K, expenses of $188K, and assets of $44K (revenue +23.9% year-over-year).
- 2012: Revenue of $140K, expenses of $123K, and assets of $216K (revenue +21.0% year-over-year).
- 2011: Revenue of $116K, expenses of $88K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hawaii Education Of The Arts Inc:
Data Sources and Methodology
This transparency report for Hawaii Education Of The Arts Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.