Gardena Valley Japanese Cultural Institute

Analysis

Gardena Valley Japanese Cultural Institute is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in January 1968, 58 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 September 2023, Gardena Valley Japanese Cultural Institute reported income of $1.0m and spending of $811k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $823k to $1.0m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2022, when income rose by 69%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gardena Valley Japanese Cultural Institute sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Narek Cultural Foundation Inc ($1.0m), Utah Coalition Against Sexual Assault ($1.0m) and 1st Stage Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $102k (13% of expenses). Other salaries and wages came to $248k. At year end it held assets of $4.1m against liabilities of $20k, net assets of $4.1m. It reported 21 employees.