Shoshinkan Martial Arts Inc
EIN: 812533412 · Las Vegas, NV · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Total Expenses | $72K |
| Net Assets | $19K |
Is Shoshinkan Martial Arts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shoshinkan Martial Arts Inc
Shoshinkan Martial Arts Inc (EIN: 812533412) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code P99. The organization reported total revenue of $79K and total assets of $47K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shoshinkan Martial Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shoshinkan Martial Arts Inc is a micro nonprofit that has been operating for 10 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -33.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $72K |
| Surplus / Deficit | $-11,401 |
| Total Assets | $35K |
| Total Liabilities | $16K |
| Net Assets | $19K |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 46.7% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2023, Shoshinkan Martial Arts Inc reported a deficit of $11K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 46.7% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Shoshinkan Martial Arts Inc's revenue has declined at a compound annual growth rate (CAGR) of -33.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.0% | +4.5% | +16.2% |
| 2022 | -50.4% | -36.7% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shoshinkan Martial Arts Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shoshinkan Martial Arts Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.7%.
Frequently Asked Questions about Shoshinkan Martial Arts Inc
Is Shoshinkan Martial Arts Inc a legitimate charity?
Shoshinkan Martial Arts Inc (EIN: 812533412) is a registered tax-exempt nonprofit based in Nevada. It has 3 years of IRS 990 filings on record. Total revenue: $79K. No red flags identified. Financial health grade: B.
How does Shoshinkan Martial Arts Inc spend its money?
Shoshinkan Martial Arts Inc reported $79K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Shoshinkan Martial Arts Inc tax-deductible?
Shoshinkan Martial Arts Inc is registered as a tax-exempt nonprofit (EIN: 812533412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shoshinkan Martial Arts Inc located?
Shoshinkan Martial Arts Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 812533412. It is classified under NTEE code P99.
How many years of IRS 990 filings does Shoshinkan Martial Arts Inc have?
Shoshinkan Martial Arts Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $79K in total revenue.
Filing History
IRS 990 filing history for Shoshinkan Martial Arts Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Shoshinkan Martial Arts Inc's revenue has declined by 55.9%, moving from $137K to $60K. Total assets increased by 13% over the same period, from $31K to $35K. Total functional expenses fell by 33.9%, from $108K to $72K. In its most recent filing year (2023), Shoshinkan Martial Arts Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $16K in liabilities against $35K in assets (debt-to-asset ratio: 46.7%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $72K | $35K | $16K | — | View 990 |
| 2022 | $68K | $69K | $30K | $0 | — | — |
| 2021 | $137K | $108K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $72K, and assets of $35K (revenue -11.0% year-over-year).
- 2022: Revenue of $68K, expenses of $69K, and assets of $30K (revenue -50.4% year-over-year).
- 2021: Revenue of $137K, expenses of $108K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shoshinkan Martial Arts Inc:
Data Sources and Methodology
This transparency report for Shoshinkan Martial Arts Inc 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.