Karate Five Association Inc

Analysis

Karate Five Association Inc is a registered charity in United States, based in Corryton, TN. It received its IRS tax-exemption ruling in May 2018, 8 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 Five Association Inc reported income of $87k and spending of $93k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $64k to $87k (+36%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 33%. 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, Karate Five Association Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Dixie High Fooball Boosters Inc ($87k), Commerce Chargers Youth Football ($87k) and Great Bridge Wrestling Booster Club ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,834 (5.2% of expenses). At year end it held assets of $74k against liabilities of $45k, net assets of $29k.