Colorado Karate Association

Analysis

Colorado Karate Association is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in June 2014, 12 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, Colorado Karate Association reported income of $61k and spending of $54k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $63k to $61k (-3.1%), an average of -3.1% a year. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Karate Association sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within CO. Charities of a similar size with the same main cause include Chelmsford Youth Wrestling Inc ($61k), Zephyr Hockey Booster Club ($61k) and Firelands Falcons BST Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.