Panamerican Taekwondo

Analysis

Panamerican Taekwondo is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in March 2022, 4 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, Panamerican Taekwondo reported income of $525k and spending of $450k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $498k to $525k (+5.4%), an average of +5.4% a year. 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, Panamerican Taekwondo sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Cedar River Soccer Association Inc ($524k), Alaska SCTP Inc ($525k) and Western Howard County Youth Baseball/Softball League Inc ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $67k. At year end it held assets of $94k against liabilities of $2,513, net assets of $91k.