World Class Tae Kwon Do Inc

Analysis

World Class Tae Kwon Do Inc is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in March 2009, 17 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 August 2024, World Class Tae Kwon Do Inc reported income of $65k and spending of $68k, spending 104% of its income. Across the 2 years on record, from August 2023 to August 2024, income fell from $67k to $65k (-1.9%), an average of -1.9% a year. 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, World Class Tae Kwon Do Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Ascension Project ($65k), Shenandoah Valley Youth Lacrosse League Inc ($65k) and Greater Fairbanks Racing Assn ($65k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.