World Tang Soo Do Foundation

Analysis

World Tang Soo Do Foundation is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, World Tang Soo Do Foundation reported income of $96k and spending of $81k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $159k to $96k (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 566%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, World Tang Soo Do Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Association for Union Democracy Inc ($96k), Gallatin Valley Foundation for Economic Development Inc ($96k) and Bayou Micro Fund ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $4.4m against liabilities of $19k, net assets of $4.3m.