Japan House LA Foundation

Analysis

Japan House LA Foundation is a registered charity in United States, based in Hollywood, CA. It received its IRS tax-exemption ruling in April 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 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 September 2023, Japan House LA Foundation reported income of $52k and spending of $92k, spending 176% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $24k to $52k (+117%), an average of +21% a year. The sharpest change came in the year to September 2020, when income dropped by 100%. Over the whole period it spent 769% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Japan House LA Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Bigger Picture Film Group Inc ($52k), Appna Institute of Innovation and Research ($52k) and Blackfoot Pathways Sculpture in the Wild ($52k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $10k (11% of expenses). At year end it held assets of $493k against liabilities of $25k, net assets of $468k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.