New York Aikikai Ltd

Analysis

New York Aikikai Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1969, 57 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 June 2024, New York Aikikai Ltd reported income of $1.0m and spending of $428k, leaving 58% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $672k to $1.0m (+50%), an average of +8.5% a year. The sharpest change came in the year to June 2024, when income rose by 105%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Aikikai Ltd sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Guilford Foundation Inc ($1.0m), Northern Family Intervention Services Inc ($1.0m) and Arc of Central Plains Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $35k (8.2% of expenses). Other salaries and wages came to $46k. It paid $77k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $169k, net assets of $1.1m. It reported 2 employees.