Brooklyn Aikikai Inc

Analysis

Brooklyn Aikikai Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2008, 18 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 December 2023, Brooklyn Aikikai Inc reported income of $278k and spending of $285k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $287k to $278k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brooklyn Aikikai Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Fairfield Boosters ($278k), Mainstay Inc ($278k) and Ste Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $43k. At year end it held assets of $300k against liabilities of $8,076, net assets of $292k. It reported 2 employees.