Shotokan Karate of America Inc

Analysis

Shotokan Karate of America Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1979, 47 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, Shotokan Karate of America Inc reported income of $542k and spending of $719k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $542k (-74%), an average of -29% a year. The sharpest change came in the year to December 2022, when income rose by 187%. Over the whole period it spent 36% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shotokan Karate of America Inc 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 73rd percentile within CA. Charities of a similar size with the same main cause include Charlotte County Fair Association Inc ($542k), Magnolia Baseball Association ($542k) and Monmouth United Soccer Club Inc ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $94k (13% of expenses). Other salaries and wages came to $128k. At year end it held assets of $10.4m against liabilities of $52k, net assets of $10.4m. It reported 4 employees.