Chicago Japanese Club

Analysis

Chicago Japanese Club is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in July 2009, 17 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 March 2024, Chicago Japanese Club reported income of $65k and spending of $52k, leaving 20% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $29k to $65k (+123%), an average of +123% a year. The sharpest change came in the year to March 2024, when income rose by 123%. Over the whole period it spent 85% 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 Club sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include Geneva Light Opera ($65k), Walhonding Valley Historical Society ($65k) and Coeur Dalene Carousel Foundation ($65k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 60% and program service revenue 25% of the total. At year end it held assets of $147k against liabilities of $8,430, net assets of $138k.