Boston Taekwondo Project Inc

Analysis

Boston Taekwondo Project Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Boston Taekwondo Project Inc reported income of $451k and spending of $391k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $364k to $451k (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2023, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boston Taekwondo Project Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include American Swimming Coaches Council for Sport Development Inc ($451k), Soccer Alaska Inc ($451k) and Border Youth Tennis Exchange Inc ($450k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $77k (20% of expenses). At year end it held assets of $117k against liabilities of $9,372, net assets of $108k. It reported 4 employees.