Aikido of Cincinnati Inc

Analysis

Aikido of Cincinnati Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aikido of Cincinnati Inc reported income of $76k and spending of $94k, spending 124% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $87k to $76k (-13%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aikido of Cincinnati 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 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Detroit Metro Skating Council ($76k), Brandon Wellness Inc ($76k) and Amateur Athletic Union of the United States Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $394k against liabilities of $411k, net assets of -$17k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.