Brooklyn Japanese American Family Association Inc

Analysis

Brooklyn Japanese American Family Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2012, 14 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 December 2023, Brooklyn Japanese American Family Association Inc reported income of $515k and spending of $508k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $515k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brooklyn Japanese American Family Association Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Traditional Arts in Upstate New York ($515k), Umpqua Valley Arts Association ($515k) and Western Museum of Mining & Industry ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $173k. At year end it held assets of $405k against liabilities of $3,081, net assets of $402k. It reported 17 employees.