Japanese Are Society of America Inc

Analysis

Japanese Are Society of America Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in March 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Japanese Are Society of America Inc reported income of $706k and spending of $833k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $706k (+188%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Japanese Are Society of America Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Friends of Auburn Heights Inc ($706k), Historic Tennessee Theatre Endowment Fund ($706k) and Community Science Workshop Network ($706k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Other salaries and wages came to $48k. At year end it held assets of $873k against liabilities of $0, net assets of $873k.