Fort Worth Japanese Society Fund

Analysis

Fort Worth Japanese Society Fund is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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, Fort Worth Japanese Society Fund reported income of $149k and spending of $132k, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $211k to $149k (-30%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Worth Japanese Society Fund sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Manos Unidas ($149k), Tru Vista Foundation Inc ($149k) and News Release Basketball ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $12k (9.1% of expenses). At year end it held assets of $424k against liabilities of $1,622, net assets of $422k.