American Kumihimo Society

Analysis

American Kumihimo Society is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2016, 10 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, American Kumihimo Society reported income of $91k and spending of $75k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $91k (+151%), an average of +151% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Kumihimo Society sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Doolittles Station ($91k), Seva Dance Company ($92k) and Model City Makerspace ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.