Foundation for Anime and Niche Subcultures

Analysis

Foundation for Anime and Niche Subcultures is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 2018, 8 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 August 2023, Foundation for Anime and Niche Subcultures reported income of $2.8m and spending of $1.5m, leaving 45% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.3m to $2.8m (+18%), an average of +4.3% a year. The sharpest change came in the year to August 2021, when income rose by 21354%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Anime and Niche Subcultures sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Family Violence and Sexual Assault Institute ($2.8m), Friends of the National World War II Memorial Inc ($2.8m) and Hispanic Heritage Council of Western New York Inc ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.9m against liabilities of $563k, net assets of $2.3m.