Japan-America Society of Tennessee Inc

Analysis

Japan-America Society of Tennessee Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2000, 26 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, Japan-America Society of Tennessee Inc reported income of $411k and spending of $461k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $436k to $411k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Japan-America Society of Tennessee Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Coventry Foundation Inc ($411k), Pennsylvania Regional Ballet ($411k) and Randolph Community Cable Television Inc ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 16% of the total. Other salaries and wages came to $148k. At year end it held assets of $730k against liabilities of $55k, net assets of $676k. It reported 5 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.