Nisei Veterans Memorial Center

Analysis

Nisei Veterans Memorial Center is a registered charity in United States, based in Kahului, HI. It received its IRS tax-exemption ruling in November 1996, 30 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 (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 2021, Nisei Veterans Memorial Center reported income of $1.1m and spending of $646k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $330k to $1.1m (+237%), an average of +84% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nisei Veterans Memorial Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within HI. Charities of a similar size with the same main cause include Light House Studio Inc ($1.1m), East San Gabriel Valley Japanese Community Center ($1.1m) and Capitol Civic Center Inc ($1.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 88% and program service revenue 6.1% of the total. Other salaries and wages came to $138k. At year end it held assets of $6.1m against liabilities of $32k, net assets of $6.1m.