Midwest Aikido Center

Analysis

Midwest Aikido Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1984, 42 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 December 2023, Midwest Aikido Center reported income of $114k and spending of $102k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $114k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Midwest Aikido Center sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Heritage High Booster Club Inc ($114k), Grand Canyon Community Recreation Program Inc ($114k) and National Alliance of African American Athletes ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 20% of the total. At year end it held assets of $369k against liabilities of $45k, net assets of $324k.