Skip to content
Ask
← Funding

Massachusetts · Nonprofit

HUNAKAI STUDIO OF FINE ARTS INC

HUNAKAI STUDIO OF FINE ARTS INC (Massachusetts) receives grants from 3 organizations whose IRS filings report $11,193 to it, the largest being THE MICHAEL D ACHEY AND SUSAN E THOMAS CHARITABLE FOUNDATION INC ($10,750). 2 of them have funded it in more than one year.

Revenue FY2024
$195k
Funders on record
3
Grants received
$11k
Net assets
$-27592
2/3 repeat funderspeak grant-dependency 2%
01What it does

What Hunakai Studio of Fine Arts Inc does

Mission

The corporation was established for the purpose of providing, promoting, encouraging, and enhancing education in the arts, and for acquiring and administrating studio facilities where students work with skilled artists and each other to develop their skills.

As stated on its FY2024 Form 990.

Programs

  1. Art classes and sales of art supplies.

    $183,743 spentof which $212 as grants$252,351 earned by the program
    100% of program spending

  2. Art classes and sales of art supplies.

The 2 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $183,743.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($296k) Expenses 100 ($285k) Net assets 100 ($49k)2018 Revenue 83 ($247k) Expenses 97 ($277k) Net assets 39 ($19k)2019 Revenue 96 ($284k) Expenses 108 ($307k) Net assets -8 ($-3992)2020 Revenue 80 ($237k) Expenses 74 ($211k) Net assets 45 ($22k)2021 Revenue 120 ($356k) Expenses 108 ($308k) Net assets 143 ($70k)2022 Revenue 94 ($278k) Expenses 119 ($338k) Net assets 21 ($10k)2023 Revenue 88 ($262k) Expenses 104 ($297k) Net assets -50 ($-24524)2024 Revenue 66 ($195k) Expenses 69 ($198k) Net assets -56 ($-27592)
'17'18'19'20'21'22'23'24
Revenue (66)Expenses (69)Net assets (-56)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $32k to $227k (+616%).

$62k
$54k
$32k
$227k
$272k
$202k
$161k
$155k
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 20%. Grants only. Government contracts and fees sit inside program revenue.

3% of HUNAKAI STUDIO OF FINE ARTS INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.

$11k
’17
−$30k
’18
−$23k
’19
$26k
’20
$48k
’21
−$60k
’22
−$35k
’23
−$3k
’24
5.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24
Listed78888797
Joined·+1+0+0+0+0+6+1
No longer listed·0000143
03Who funds it

Who funds it, year by year

2018 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $300 → $5k.

Funder
'18
'19
'20
'21
'22
'23
total
funders
1
1
1
1
2
2

1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of HUNAKAI STUDIO OF FINE ARTS INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HUNAKAI STUDIO OF FINE ARTS INC leans on a few funders — its largest provides 96% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

96%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 99% · 2023 99% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of HUNAKAI STUDIO OF FINE ARTS INC's grant income comes from Massachusetts funders.

MA

In-state vs out-of-state, by year

’18
’19
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. $143 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

HUNAKAI STUDIO OF FINE ARTS INC's funding base is broadening — from 1 funders to 2 as grant income climbed.

Operating margin−2% · below the median
Months of reserve5.2mo · below the median
Revenue growth (annualized)−6% · bottom quartile

this organization peer median middle 50% of peers· 17,936 arts & culture nonprofits $100k–$1M, FY2024

Organizations like HUNAKAI STUDIO OF FINE ARTS INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

The Corner Art Room Corp78%Follow Your Art Community Studios Inc78%Creative Arts for Kids Inc78%New Art Center in Newton Inc (Fka) Newton Arts Center Inc77%North River Arts Society Inc76%Harvard Student Agencies Inc76%Lexington Friends of the Arts Inc76%Cambridge Art Association75%

Nationally

The Hawaii Japanese School81%Hana Arts Inc80%Handicraft Club Inc80%Hui No'Eau79%Ohana Arts79%Artists Open Studio Inc79%The Clay Studio Holdings Inc79%Art Station Inc79%
05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

76% of spending goes to programs.

Program 76%Management 24%Fundraising 0%

Governance

7
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MA

Screen this organization

A dated, signed PDF of the compliance screen for HUNAKAI STUDIO OF FINE ARTS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HUNAKAI STUDIO OF FINE ARTS INC?
HUNAKAI STUDIO OF FINE ARTS INC (Massachusetts) receives grants from 3 organizations whose IRS filings report $11,193 to it, the largest being THE MICHAEL D ACHEY AND SUSAN E THOMAS CHARITABLE FOUNDATION INC ($10,750). 2 of them have funded it in more than one year.
How many funders does HUNAKAI STUDIO OF FINE ARTS INC have?
IRS filings report 3 organizations giving $11,193 in grants to HUNAKAI STUDIO OF FINE ARTS INC, 2 of which have funded it in more than one year.
Who is the largest funder of HUNAKAI STUDIO OF FINE ARTS INC?
THE MICHAEL D ACHEY AND SUSAN E THOMAS CHARITABLE FOUNDATION INC is the largest funder on record, with $10,750 in grants. The full list of funders is on this page.
How can an organization like HUNAKAI STUDIO OF FINE ARTS INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Hunakai Studio of Fine Arts →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing