Venice Japanese Community Center

Analysis

Venice Japanese Community Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1968, 58 years ago. 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, Venice Japanese Community Center reported income of $612k and spending of $440k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $537k to $612k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venice Japanese Community Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Leadingage Ohio Foundation ($612k), Illinois Fire Chiefs Association Educational & Research Foundation ($612k) and Wisconsin Association of Ffa Incorporated ($612k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 1.9% of the total. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m. It reported 6 employees.