United States of America Wushu- Kungfu Federation Inc

Analysis

United States of America Wushu- Kungfu Federation Inc is a registered charity in United States, based in Parkville, MD. It received its IRS tax-exemption ruling in May 1994, 32 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, United States of America Wushu- Kungfu Federation Inc reported income of $239k and spending of $186k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $407k to $239k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 3168%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States of America Wushu- Kungfu Federation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Palatine Amateur Football Association NFP ($239k), Belmont Athletics Foundation ($239k) and Darien Junior Field Hockey Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.