International Shotokan Karate Association
International Shotokan Karate Association: Consistent Deficits and Low Reserves Raise Sustainability Concerns
EIN: 222546669 · Philadelphia, PA · NTEE: N60 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $593K |
| Total Expenses | $428K |
| Program Spending | 75% |
| Net Assets | $-23,640 |
| Transparency Score | 65/100 |
Is International Shotokan Karate Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Shotokan Karate Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Shotokan Karate Association
International Shotokan Karate Association (EIN: 222546669) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code N60. The organization reported total revenue of $593K and total assets of $126K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Shotokan Karate Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Shotokan Karate Association is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $415K |
| Total Expenses | $428K |
| Surplus / Deficit | $-12,433 |
| Total Assets | $6K |
| Total Liabilities | $30K |
| Net Assets | $-23,640 |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 494.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, International Shotokan Karate Association reported a deficit of $12K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 494.0% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), International Shotokan Karate Association's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.1% | +15.6% | -62.0% |
| 2022 | +73.3% | +106.8% | -49.5% |
| 2021 | -2.5% | -15.4% | +209.2% |
| 2020 | -60.7% | -60.8% | -46.1% |
| 2019 | -2.7% | -4.1% | -37.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates International Shotokan Karate Association with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, International Shotokan Karate Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 494.0%.
Executive Compensation Analysis
Without specific compensation figures for key employees, it's impossible to assess the reasonableness of executive compensation; however, the overall financial health suggests limited capacity for high salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of International Shotokan Karate Association's IRS 990 filings:
- Consistent operating deficits across multiple years (e.g., 2023: $415,367 revenue vs. $427,800 expenses) raise long-term sustainability questions.
- Very low net assets of $6,000 in 2023 provide minimal financial cushion for unexpected events or future investments.
- The organization's liabilities have increased significantly in 2023 to $29,640, up from $26,998 in 2022, indicating growing financial obligations.
Strengths
The following positive indicators were identified for International Shotokan Karate Association:
- The organization has maintained operations for several years despite financial challenges, demonstrating resilience.
- Revenue has shown growth in some years, such as from $197,891 in 2021 to $415,367 in 2023, indicating potential for increased support.
Frequently Asked Questions about International Shotokan Karate Association
Is International Shotokan Karate Association a legitimate charity?
Based on AI analysis of IRS 990 filings, International Shotokan Karate Association (EIN: 222546669) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does International Shotokan Karate Association spend its money?
International Shotokan Karate Association directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Shotokan Karate Association tax-deductible?
International Shotokan Karate Association is registered as a tax-exempt nonprofit (EIN: 222546669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of International Shotokan Karate Association's spending goes to programs?
International Shotokan Karate Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does International Shotokan Karate Association compare to similar nonprofits?
With a transparency score of 65/100 (Good), International Shotokan Karate Association is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is International Shotokan Karate Association located?
International Shotokan Karate Association is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222546669. It is classified under NTEE code N60.
How many years of IRS 990 filings does International Shotokan Karate Association have?
International Shotokan Karate Association has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $593K in total revenue.
What does International Shotokan Karate Association do?
International Shotokan Karate Association is a nonprofit organization in the Recreation & Sports sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code N60.
How much revenue does International Shotokan Karate Association have?
International Shotokan Karate Association reported total revenue of $592,625. Based on 7 IRS 990 filings on record.
What are International Shotokan Karate Association's total assets?
International Shotokan Karate Association holds total assets of $126,022 as reported in IRS 990 filings.
Where is International Shotokan Karate Association located?
International Shotokan Karate Association is based in Philadelphia, Pennsylvania.
What is International Shotokan Karate Association's EIN?
International Shotokan Karate Association's Employer Identification Number (EIN) is 222546669. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is International Shotokan Karate Association?
International Shotokan Karate Association is classified under NTEE code N60 (Recreation & Sports).
Is International Shotokan Karate Association a registered 501(c)(3)?
Yes, International Shotokan Karate Association is recognized as a tax-exempt organization by the IRS. EIN: 222546669.
Does International Shotokan Karate Association file IRS Form 990?
Yes, International Shotokan Karate Association has 7 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was International Shotokan Karate Association's revenue in 2023?
In the 202312 filing period, International Shotokan Karate Association reported total revenue of $415,367, total expenses of $427,800, and net assets of $6,000.
Is International Shotokan Karate Association's revenue growing or declining?
International Shotokan Karate Association's revenue is growing. Revenue went from $342,885 (202212) to $415,367 (202312), a +21.1% change. Based on 7 filings on record.
What is International Shotokan Karate Association's most recent 990 filing?
The most recent IRS Form 990 filing for International Shotokan Karate Association covers tax period 202312. It shows revenue of $415,367, expenses of $427,800, total assets of $6,000, and liabilities of $29,640.
How much does International Shotokan Karate Association spend on programs vs administration?
Based on IRS 990 analysis, International Shotokan Karate Association allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is International Shotokan Karate Association a trustworthy charity?
Based on AI analysis of IRS 990 data, International Shotokan Karate Association shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for International Shotokan Karate Association?
The following concerns were identified: Consistent operating deficits across multiple years (e.g., 2023: $415,367 revenue vs. $427,800 expenses) raise long-term sustainability questions.. Very low net assets of $6,000 in 2023 provide minimal financial cushion for unexpected events or future investments.. The organization's liabilities have increased significantly in 2023 to $29,640, up from $26,998 in 2022, indicating growing financial obligations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are International Shotokan Karate Association's strengths?
Positive indicators for International Shotokan Karate Association include: The organization has maintained operations for several years despite financial challenges, demonstrating resilience.. Revenue has shown growth in some years, such as from $197,891 in 2021 to $415,367 in 2023, indicating potential for increased support.. These findings are derived from AI analysis of the organization's financial filings.
How does International Shotokan Karate Association compensate executives?
Without specific compensation figures for key employees, it's impossible to assess the reasonableness of executive compensation; however, the overall financial health suggests limited capacity for high salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operating deficits, what strategies are in place to ensure the long-term financial viability of the International Shotokan Karate Association?
The consistent deficits suggest a need for a revised financial strategy, potentially focusing on increasing diversified revenue streams or optimizing operational costs to achieve financial stability.
With net assets at only $6,000 in 2023, how does the organization plan to build sufficient reserves to withstand unforeseen financial challenges or invest in future programs?
Building reserves would require a concerted effort to generate surpluses, possibly through targeted fundraising campaigns or by re-evaluating the current spending model to allocate more funds towards savings.
Filing History
IRS 990 filing history for International Shotokan Karate Association showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), International Shotokan Karate Association's revenue has declined by 21.3%, moving from $527K to $415K. Total assets decreased by 90.1% over the same period, from $61K to $6K. Total functional expenses fell by 26.1%, from $579K to $428K. In its most recent filing year (2023), International Shotokan Karate Association reported a deficit of $12K, with expenses exceeding revenue. The organization holds $30K in liabilities against $6K in assets (debt-to-asset ratio: 494.0%), resulting in net assets of $-23,640.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $415K | $428K | $6K | $30K | — | — |
| 2022 | $343K | $370K | $16K | $27K | — | View 990 |
| 2021 | $198K | $179K | $31K | $15K | — | View 990 |
| 2020 | $203K | $212K | $10K | $13K | — | View 990 |
| 2019 | $516K | $540K | $19K | $13K | — | View 990 |
| 2018 | $531K | $563K | $30K | $892 | — | View 990 |
| 2017 | $527K | $579K | $61K | $-382 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $415K, expenses of $428K, and assets of $6K (revenue +21.1% year-over-year).
- 2022: Revenue of $343K, expenses of $370K, and assets of $16K (revenue +73.3% year-over-year).
- 2021: Revenue of $198K, expenses of $179K, and assets of $31K (revenue -2.5% year-over-year).
- 2020: Revenue of $203K, expenses of $212K, and assets of $10K (revenue -60.7% year-over-year).
- 2019: Revenue of $516K, expenses of $540K, and assets of $19K (revenue -2.7% year-over-year).
- 2018: Revenue of $531K, expenses of $563K, and assets of $30K (revenue +0.6% year-over-year).
- 2017: Revenue of $527K, expenses of $579K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Shotokan Karate Association:
Data Sources and Methodology
This transparency report for International Shotokan Karate Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.