Japanese Cultural Center of Kona

Analysis

Japanese Cultural Center of Kona is a registered charity in United States, based in Kailua Kona, HI. It received its IRS tax-exemption ruling in October 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 June 2023, Japanese Cultural Center of Kona reported income of $91k and spending of $22k, leaving 76% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $70k to $91k (+30%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Japanese Cultural Center of Kona sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within HI. Charities of a similar size with the same main cause include Contra Costa County Fair Heritage Foundation Inc ($91k), Pulaski Club Inc ($91k) and Colonial Theater Inc ($91k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 7.9% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.