Karatedo Honma Dojo Inc

Analysis

Karatedo Honma Dojo Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2019, 7 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, Karatedo Honma Dojo Inc reported income of $231k and spending of $233k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $218k to $231k (+5.8%), an average of +5.8% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Karatedo Honma Dojo Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Hills Fencing Institute Inc ($231k), Harris Ball Club Inc ($231k) and Winnebago County Fair Association ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $94k (41% of expenses). At year end it held assets of $45k against liabilities of $18k, net assets of $27k. It reported 2 employees.