Japan-America Society of Indiana Inc

Analysis

Japan-America Society of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Japan-America Society of Indiana Inc reported income of $487k and spending of $567k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $670k to $487k (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2023, when income rose by 146%. Over the whole period it spent 114% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Japan-America Society of Indiana Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include International Orphan Support Inc ($487k), Project Vietnam Foundation ($488k) and Baja Community Foundation ($486k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $141k (25% of expenses). Other salaries and wages came to $94k. At year end it held assets of $769k against liabilities of $387k, net assets of $382k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.