Japanese American Association Charitable Fund

Analysis

Japanese American Association Charitable Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1967, 59 years ago. 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 American Association Charitable Fund reported income of $1.8m and spending of $860k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $618k to $1.8m (+195%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Japanese American Association Charitable Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Lewis and Clark Information Exchange ($1.8m), Aiccu Research Foundation ($1.8m) and California State University ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $74k (8.5% of expenses). Other salaries and wages came to $46k. At year end it held assets of $3.8m against liabilities of $1.4m, net assets of $2.4m. It reported 3 employees.