Japanese Mutual Aid Society of Chicago

Analysis

Japanese Mutual Aid Society of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Japanese Mutual Aid Society of Chicago reported income of $56k and spending of $66k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $42k to $56k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Japanese Mutual Aid Society of Chicago sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Little League Baseball Inc ($56k), Living Faith - Lee Singers Inc ($56k) and West Michigan Veterans Ranch ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $8,000 (12% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.