San Jose Taiko Group Inc

Analysis

San Jose Taiko Group Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 1982, 44 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, San Jose Taiko Group Inc reported income of $1.3m and spending of $756k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $541k to $1.3m (+135%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 85%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Jose Taiko Group Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include The Desert Biennial ($1.3m), Harvard Business School Student Association Inc ($1.3m) and Performing Arts Academy ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $179k (24% of expenses). Other salaries and wages came to $301k. At year end it held assets of $3.0m against liabilities of $21k, net assets of $3.0m. It reported 17 employees.