Nikkei Senior Gardens

Analysis

Nikkei Senior Gardens is a registered charity in United States, based in Arleta, CA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Nikkei Senior Gardens reported income of $6.5m and spending of $7.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $6.5m (+4.6%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nikkei Senior Gardens sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Atlanta Land TR Inc ($6.5m), Colorado Village Collaborative ($6.5m) and Newton Village Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 94% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $16.1m against liabilities of $14.2m, net assets of $2.0m. It reported 105 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.