Aikido in Fredericksburg

Analysis

Aikido in Fredericksburg is a registered charity in United States, based in Spotsylvania, VA. It received its IRS tax-exemption ruling in June 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aikido in Fredericksburg reported income of $157k and spending of $130k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $157k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aikido in Fredericksburg sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Red Tide N Y C Inc ($157k), Midlothian Amateur Baseball Association Inc ($157k) and North Mecklenburg Athletic Booster Club ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 34% of the total. At year end it held assets of $377k against liabilities of $0, net assets of $377k.