5280 Karate Academy Foundation Inc

Analysis

5280 Karate Academy Foundation Inc is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in November 2015, 11 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, 5280 Karate Academy Foundation Inc reported income of $111k and spending of $111k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $111k (-1.6%), an average of -1.6% a year. 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, 5280 Karate Academy Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within CO. Charities of a similar size with the same main cause include Trans-Valley Youth Football League ($111k), Pepperell Youth Soccer League ($111k) and 14th Ward Youth Baseball Association ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 11% of the total. At year end it held assets of $2,106 against liabilities of $0, net assets of $2,106.