Japantown Community Benefit District Inc

Analysis

Japantown Community Benefit District Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Japantown Community Benefit District Inc reported income of $866k and spending of $826k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $866k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Japantown Community Benefit District Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Grand Junction Economic Partnership Inc ($865k), Maryland World Class Consortia Ltd ($866k) and Cup Inc ($865k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $61k (7.3% of expenses). Other salaries and wages came to $69k. At year end it held assets of $1.1m against liabilities of $77k, net assets of $975k. It reported 3 employees.