Japanese Educational Institute of New York

Analysis

Japanese Educational Institute of New York is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in November 1975, 51 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Japanese Educational Institute of New York reported income of $8.8m and spending of $7.8m, spending 89% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $7.4m to $8.8m (+18%), an average of +3.4% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Japanese Educational Institute of New York sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The American Geriatrics Society Inc ($8.8m), Savannah State College Foundation Inc ($8.8m) and Ruminco Ltd ($8.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 25% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $143k (1.8% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $25.0m against liabilities of $9.3m, net assets of $15.7m. It reported 168 employees.