Phoenix No Limits Karate Inc

Analysis

Phoenix No Limits Karate Inc is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Phoenix No Limits Karate Inc reported income of $92k and spending of $87k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $92k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phoenix No Limits Karate Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 28th percentile within ME. Charities of a similar size with the same main cause include Vita Art Center ($92k), Asian American Unity Coalition Inc ($92k) and Enamelists Society Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 4.6% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.