Asahi Gakuen

Analysis

Asahi Gakuen is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in October 1973, 53 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 March 2023, Asahi Gakuen reported income of $3.5m and spending of $3.7m, spending 106% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $3.8m to $3.5m (-7.9%), an average of -2.7% a year. The sharpest change came in the year to March 2021, when income dropped by 49%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asahi Gakuen sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include F M Kirby Center for THR Perform Ing Arts ($3.5m), Boxcar Theatre Inc ($3.5m) and Music Conservatory of Westchester ($3.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $85k (2.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.5m against liabilities of $351k, net assets of $3.1m. It reported 148 employees.