Chicago Futabakai Japanese School

Analysis

Chicago Futabakai Japanese School is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Chicago Futabakai Japanese School reported income of $4.8m and spending of $4.5m, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $4.2m to $4.8m (+15%), an average of +3.5% a year. The sharpest change came in the year to March 2023, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Futabakai Japanese School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Mountain West Montessori Academy Inc ($4.8m), St Cloud Math and Science Academy ($4.8m) and Ho Okako O Corporation ($4.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 22% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $120k (2.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $9.6m against liabilities of $2.4m, net assets of $7.2m. It reported 88 employees.