Karate for Christ International Inc

Analysis

Karate for Christ International Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 2002, 24 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, Karate for Christ International Inc reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Karate for Christ International Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Wildcat Aquatic Swim Club ($1.1m), Winthrop Athletic Complex Committee ($1.1m) and Alabama Shakespeare Festival Endowment TR ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $326k (29% of expenses). Other salaries and wages came to $331k. At year end it held assets of $542k against liabilities of $155k, net assets of $387k. It reported 34 employees.