Budo Accelerator Inc

Analysis

Budo Accelerator Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Budo Accelerator Inc reported income of $122k and spending of $144k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $207k to $122k (-41%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Budo Accelerator Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include New Richmond Youth Sports Assoc Inc ($122k), Council Bluffs Area Pickleball Club ($122k) and Sand Springs Recreation Center Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $38k against liabilities of $37k, net assets of $1,092.