Washington State Tae Kwon Do Founda

Analysis

Washington State Tae Kwon Do Founda is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in June 2014, 12 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, Washington State Tae Kwon Do Founda reported income of $62k and spending of $47k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $62k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Washington State Tae Kwon Do Founda sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 19th percentile within WA. Charities of a similar size with the same main cause include North Point Village Recreation and Parks Council ($62k), Finneytown Athletic Association Inc ($62k) and West Linn HS Substance Free Grad Party ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.