Community Karate Foundation Inc

Analysis

Community Karate Foundation Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Community Karate Foundation Inc reported income of $101k and spending of $72k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $101k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Karate Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Global Reformed Seminary Inc ($101k), Parent Booster USA Inc ($101k) and Coyle School Foundation ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. At year end it held assets of $292k against liabilities of $177k, net assets of $115k.