Bainbridge Island Japanese American Memorial

Analysis

Bainbridge Island Japanese American Memorial is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in March 2010, 16 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, Bainbridge Island Japanese American Memorial reported income of $966k and spending of $338k, leaving 65% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $42k to $966k (+2181%), an average of +184% a year. The sharpest change came in the year to December 2021, when income rose by 495%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bainbridge Island Japanese American Memorial sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Western Reserve Cable Television Consortium Inc ($966k), Genesee-Orleans Regional Arts Council ($966k) and Cheyenne Mountain Public Broadcast House Inc ($966k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. It paid $63k in professional fundraising fees. At year end it held assets of $873k against liabilities of $0, net assets of $873k.