Kizuna Little Tokyo Inc

Analysis

Kizuna Little Tokyo Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2017, 9 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, Kizuna Little Tokyo Inc reported income of $497k and spending of $472k, spending 95% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $528k to $497k (-5.8%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kizuna Little Tokyo Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Volunteer Fire Department of New Fairfield Inc ($497k), Foundation for a Course in Miracles Inc ($497k) and Nami Rochester Ny Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Other salaries and wages came to $267k. At year end it held assets of $616k against liabilities of $54k, net assets of $563k. It reported 51 employees.