Japan-American Society & Black Ships Festival of Rhode Island Inc

Analysis

Japan-American Society & Black Ships Festival of Rhode Island Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Japan-American Society & Black Ships Festival of Rhode Island Inc reported income of $62k and spending of $81k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $62k (-13%), an average of -13% a year. Over the whole period it spent 115% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Japan-American Society & Black Ships Festival of Rhode Island Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within RI. Charities of a similar size with the same main cause include Sister Cities Essex Haiti Inc ($62k), Fields of Life USA ($62k) and Health in Sight Ministry of Roatan ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.