Taekwondo Alliance for Mission Foundation

Analysis

Taekwondo Alliance for Mission Foundation is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in July 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, Taekwondo Alliance for Mission Foundation reported income of $204k and spending of $291k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $204k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 129% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Taekwondo Alliance for Mission Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Lake Zurich Bears Hockey Club Inc ($204k), Tommy McNamara Charitable Foundation Inc ($204k) and Illinois Cheerleading Coaches Association ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $25k. At year end it held assets of $6,950 against liabilities of $94k, net assets of -$87k.