New York Budo Association

Analysis

New York Budo Association is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2017, 9 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, New York Budo Association reported income of $52k and spending of $34k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $52k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 67% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New York Budo Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Aptc Charities ($52k), Crosswicks Community Association ($52k) and Build Different Basketball Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 37% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.