Japanese Music Institute of America

Analysis

Japanese Music Institute of America is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in August 1981, 45 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Japanese Music Institute of America reported income of $62k and spending of $55k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $62k (+11%), an average of +10% a year. 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, Japanese Music Institute of America sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Skagit Climate Science Consortium ($62k), Tech Community Coalition Inc ($62k) and Astronomers Without Borders Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.