Hoola Music And Cultural Arts
EIN: 813291347 · Honolulu, HI · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $112K |
| Total Expenses | $58K |
| Net Assets | $73K |
Is Hoola Music And Cultural Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hoola Music And Cultural Arts
Hoola Music And Cultural Arts (EIN: 813291347) is a nonprofit organization based in Honolulu, HI, classified under NTEE code A99. The organization reported total revenue of $112K and total assets of $146K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoola Music And Cultural Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoola Music And Cultural Arts is a small nonprofit that has been operating for 10 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 110.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $58K |
| Surplus / Deficit | +$60K |
| Total Assets | $73K |
| Net Assets | $73K |
| Operating Margin | 50.8% |
| Months of Reserves | 15.0 months |
Financial Health Grade: A
In 2023, Hoola Music And Cultural Arts reported a surplus of $60K with revenue exceeding expenses, holds 15.0 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Hoola Music And Cultural Arts's revenue has grown at a compound annual growth rate (CAGR) of 110.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +110.7% | +24.3% | +482.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hoola Music And Cultural Arts has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hoola Music And Cultural Arts with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $60K, with revenue exceeding expenses.
Frequently Asked Questions about Hoola Music And Cultural Arts
Is Hoola Music And Cultural Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoola Music And Cultural Arts (EIN: 813291347) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hoola Music And Cultural Arts spend its money?
Detailed spending breakdown data is not yet available for Hoola Music And Cultural Arts. Check back for updated IRS 990 analysis.
Are donations to Hoola Music And Cultural Arts tax-deductible?
Hoola Music And Cultural Arts is registered as a tax-exempt nonprofit (EIN: 813291347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hoola Music And Cultural Arts located?
Hoola Music And Cultural Arts is headquartered in Honolulu, Hawaii and files with the IRS under EIN 813291347. It is classified under NTEE code A99.
How many years of IRS 990 filings does Hoola Music And Cultural Arts have?
Hoola Music And Cultural Arts has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $112K in total revenue.
Filing History
IRS 990 filing history for Hoola Music And Cultural Arts showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Hoola Music And Cultural Arts's revenue has grown by 110.7%, moving from $56K to $118K. Total assets increased by 482.4% over the same period, from $12K to $73K. Total functional expenses rose by 24.3%, from $47K to $58K. In its most recent filing year (2023), Hoola Music And Cultural Arts reported a surplus of $60K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $58K | $73K | $0 | — | — |
| 2022 | $56K | $47K | $12K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoola Music And Cultural Arts:
Data Sources and Methodology
This transparency report for Hoola Music And Cultural Arts 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.