Nikkei Heritage Association of Washington

Analysis

Nikkei Heritage Association of Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2005, 21 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, Nikkei Heritage Association of Washington reported income of $810k and spending of $796k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $810k (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nikkei Heritage Association of Washington sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Museum of World Treasures Inc ($810k), American Archaeology Abroad Inc ($810k) and Uptown Players Inc ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $65k (8.2% of expenses). Other salaries and wages came to $450k. At year end it held assets of $2.2m against liabilities of $461k, net assets of $1.7m. It reported 29 employees.