Team-M Taekwondo Inc

Analysis

Team-M Taekwondo Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2013, 13 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, Team-M Taekwondo Inc reported income of $74k and spending of $64k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $74k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 319%. 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, Team-M Taekwondo Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Pirate Youth Athletics ($74k), Wrightstown Area Baseball Association Inc ($74k) and Brentwood Dolphin Swim Club ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.