Ree & Jun Kaneko Foundation

Analysis

Ree & Jun Kaneko Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2012, 14 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Ree & Jun Kaneko Foundation reported income of $424k and spending of $320k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income fell from $1.3m to $424k (-68%), an average of -43% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ree & Jun Kaneko Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NE. Charities of a similar size with the same main cause include Nederland Heritage Festival Foundation Inc ($424k), Oregon Symphony Association in Salem ($424k) and McHenry County Historical Society ($424k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 2.9% of the total. At year end it held assets of $14.4m against liabilities of $80k, net assets of $14.3m.