Richmond Nihongo Hoshuuko

Analysis

Richmond Nihongo Hoshuuko is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in May 1990, 36 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richmond Nihongo Hoshuuko reported income of $51k and spending of $54k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $51k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richmond Nihongo Hoshuuko sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Concerts at the Point Inc ($51k), Kensington Area Heritage Society Inc ($51k) and Rejoice Diaspora Dance Theater ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.