Shodokan Inc

Analysis

Shodokan Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Shodokan Inc reported income of $64k and spending of $47k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $88k to $64k (-27%), an average of -9.8% a year. The sharpest change came in the year to December 2021, when income dropped by 56%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shodokan Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Matthew 1914 Project ($64k), Village Schoolhouse Academy ($64k) and JLT Fund Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $638k against liabilities of $144k, net assets of $494k.