Shotokan Karate Club of Maryland

Analysis

Shotokan Karate Club of Maryland is a registered charity in United States, based in Randallstown, MD. It received its IRS tax-exemption ruling in March 2000, 26 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, Shotokan Karate Club of Maryland reported income of $52k and spending of $60k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $52k (+8.8%), an average of +8.8% a year. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shotokan Karate Club of Maryland sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within MD. Charities of a similar size with the same main cause include North Penn Valley Girls Softball Association ($52k), Sapulpa Baseball Association Inc ($52k) and Shaker Rowing Association Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% of the total. At year end it held assets of $6,673 against liabilities of $12k, net assets of -$5,475.