Jagannath Cultural and Educational Center Inc

Analysis

Jagannath Cultural and Educational Center Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jagannath Cultural and Educational Center Inc reported income of $211k and spending of $65k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $211k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jagannath Cultural and Educational Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Acton Chinese Language School ($211k), Phelps Mansion Museum ($211k) and Alonso High School Band Boosters Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $384k, net assets of $855k.