Cuong Nhu Martial Arts Association Inc

Analysis

Cuong Nhu Martial Arts Association Inc is a registered charity in United States, based in Fairfield, VA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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, Cuong Nhu Martial Arts Association Inc reported income of $176k and spending of $152k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $176k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cuong Nhu Martial Arts Association Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Ponca Community Educational Foundation Inc ($176k), Idaho Drug-Free Youth Inc ($176k) and Down Syndrome Association of Connecticut Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $32k (21% of expenses). At year end it held assets of $312k against liabilities of $2,024, net assets of $310k. It reported 1 employees.