Chicago Japanese American Council

Analysis

Chicago Japanese American Council is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in June 2015, 11 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, Chicago Japanese American Council reported income of $130k and spending of $54k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $130k (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 1089%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Japanese American Council sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include French Art Colony ($130k), Umoja Debate Team ($130k) and Fraser Valley Arts ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.