Japanese Association in Charlotte

Analysis

Japanese Association in Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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 March 2023, Japanese Association in Charlotte reported income of $240k and spending of $251k, spending 104% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $338k to $240k (-29%), an average of -8.2% a year. The sharpest change came in the year to March 2021, when income dropped by 32%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Japanese Association in Charlotte sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Exploration Green Conservancy ($240k), Shadow Box Theatre Inc ($240k) and Arizona Library Association ($240k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Other salaries and wages came to $152k. At year end it held assets of $286k against liabilities of $0, net assets of $286k. It reported 21 employees.