Japanese Embroidery Center Inc

Analysis

Japanese Embroidery Center Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in August 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Japanese Embroidery Center Inc reported income of $206k and spending of $215k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $223k to $206k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Japanese Embroidery Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include Grit and Grace Girls Inc ($206k), LA Festa Italiana Inc ($206k) and Pittsburgh Youth Concert Orchestra ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $115k (54% of expenses). Other salaries and wages came to $19k. At year end it held assets of $329k against liabilities of $99k, net assets of $230k. It reported 7 employees.