International Shotokan Karate Association

Analysis

International Shotokan Karate Association is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2017, 9 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, International Shotokan Karate Association reported income of $415k and spending of $428k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $516k to $415k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, International Shotokan Karate Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Fort Belvoir Swim Team ($415k), Cambridge-Isanti Hockey Association Inc ($415k) and Center Grove Bantam Football League Corporation ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $154k (36% of expenses). At year end it held assets of $6,000 against liabilities of $30k, net assets of -$24k. It reported 2 employees.