Fuji Towers Inc

Analysis

Fuji Towers Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1976, 50 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 June 2024, Fuji Towers Inc reported income of $3.6m and spending of $2.7m, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.4m to $3.6m (+48%), an average of +8.1% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fuji Towers Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Triad Family Services ($3.6m), Cornerstone Center for Early Learning Inc ($3.6m) and Daystar Foundation and Library Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $319k. At year end it held assets of $25.9m against liabilities of $18.8m, net assets of $7.1m.