Japanese American Cultural and Community Center

Analysis

Japanese American Cultural and Community Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1972, 54 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 June 2023, Japanese American Cultural and Community Center reported income of $5.5m and spending of $4.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $5.5m (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Japanese American Cultural and Community Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Cleveland Music School Settlement ($5.5m), Fairbanks Museum and Planetarium ($5.5m) and Philadelphia Cultural Fund Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $593k (12% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $14.4m against liabilities of $2.4m, net assets of $12.0m. It reported 74 employees.