Hollywood Japanese Cultural Institute

Analysis

Hollywood Japanese Cultural Institute is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1987, 39 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hollywood Japanese Cultural Institute reported income of $101k and spending of $154k, spending 152% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $139k to $101k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hollywood Japanese Cultural Institute sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Wheels Museum ($101k), Wethersfield Academy for the Arts Inc ($101k) and North Myrtle Beach Area Historical Museum ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 6.2% of the total. At year end it held assets of $327k against liabilities of $0, net assets of $327k.