Shaolin Traditional Kung Fu Inc

Analysis

Shaolin Traditional Kung Fu Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shaolin Traditional Kung Fu Inc reported income of $95k and spending of $97k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $73k to $95k (+30%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 17%. 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, Shaolin Traditional Kung Fu Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Stanford Boys Gymnastics Boosters Inc ($95k), Lancaster Alliance Wrestling ($95k) and Millburn Short Hills Lacrosse Club Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (47% of expenses). At year end it held assets of $2,618 against liabilities of $0, net assets of $2,618.