Budokan Inc

Analysis

Budokan Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Budokan Inc reported income of $297k and spending of $1.4m, spending 461% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $297k (+500%), an average of +56% a year. The sharpest change came in the year to December 2020, when income rose by 503%. Over the whole period it spent 378% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Budokan Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Lake Chelan Rotary Community & International Fund ($297k), Bay Future Inc ($297k) and Families First of Monroe County Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $28.6m against liabilities of $30.5m, net assets of -$1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.