American Tae Kwon Do United Inc

Analysis

American Tae Kwon Do United Inc is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in August 2008, 18 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, American Tae Kwon Do United Inc reported income of $193k and spending of $183k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $155k to $193k (+25%), an average of +7.6% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Tae Kwon Do United Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Minneapolis Japanese School ($193k), Loan Repayment Assistance Program of Minnesota ($193k) and Anderson County Scholarship Fund ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.