Music From Japan Inc

Analysis

Music From Japan Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1976, 50 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 (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, Music From Japan Inc reported income of $143k and spending of $192k, spending 134% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $184k to $143k (-22%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music From Japan Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Pyroclastic Arts Inc ($143k), The Korean Association of Greater Washington ($143k) and Buffalo Club Preservation Foundation Inc ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. At year end it held assets of $187k against liabilities of $490k, net assets of -$303k.