Japanfest Inc

Analysis

Japanfest Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1997, 29 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 December 2023, Japanfest Inc reported income of $430k and spending of $350k, spending 81% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $306k to $430k (+41%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income dropped by 109%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Japanfest Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include Fairfield County Childrens Choir Inc ($429k), Puppet Co ($430k) and Davis Musical Theatre Company ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 58% of the total. At year end it held assets of $253k against liabilities of $1,000, net assets of $252k.