Nichi Bei Foundation

Analysis

Nichi Bei Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nichi Bei Foundation reported income of $645k and spending of $776k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $509k to $645k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nichi Bei Foundation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include City Opera House Heritage Association Inc ($645k), Bible Truth Publishers Inc ($645k) and National Museum of Polo and Hall of Fame ($644k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $98k (13% of expenses). Other salaries and wages came to $260k. It paid $5,550 in professional fundraising fees. At year end it held assets of $187k against liabilities of $35k, net assets of $152k. It reported 10 employees.