Global-American International Taekwondo Federation Ltd

Analysis

Global-American International Taekwondo Federation Ltd is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 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 2022, Global-American International Taekwondo Federation Ltd reported income of $94k and spending of $102k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $159k to $94k (-41%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 165%. 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, Global-American International Taekwondo Federation Ltd sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within NV. Charities of a similar size with the same main cause include Move United ($94k), CDS Aztec Lacrosse Club ($94k) and Montmorency County 4-H Fair Association ($94k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.