Azteca Teakwondo Federation

Analysis

Azteca Teakwondo Federation is a registered charity in United States, based in South Gate, CA. It received its IRS tax-exemption ruling in September 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 2023, Azteca Teakwondo Federation reported income of $81k and spending of $76k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $26k to $81k (+219%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Azteca Teakwondo Federation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Virginia Chess Federation ($81k), NLV Ice Hockey Booster Club ($81k) and Pioneer Rowing Club Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.