Japan Arts Inc

Analysis

Japan Arts Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Japan Arts Inc reported income of $127k and spending of $113k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $88k to $127k (+44%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 413%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Japan Arts Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Footworks Youth Ballet Inc ($127k), Oak Cliff Society of Fine Arts ($127k) and 29 Pieces ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 84% of the total. At year end it held assets of $77k against liabilities of $14k, net assets of $63k.