World Tang Soo Do Association
World Tang Soo Do Association: Consistent Growth, Strong Program Focus
EIN: 222429979 · Burlington, NC · NTEE: N60 · Updated: 2026-04-04
Is World Tang Soo Do Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
World Tang Soo Do Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About World Tang Soo Do Association
World Tang Soo Do Association (EIN: 222429979) is a nonprofit organization based in Burlington, NC, classified under NTEE code N60. The organization reported total revenue of $1.7M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Tang Soo Do Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates World Tang Soo Do Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, World Tang Soo Do Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not directly discernible from the provided summary data, requiring a review of Form 990, Part VII, Section A to assess specific amounts and reasonableness.
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.
Strengths
The following positive indicators were identified for World Tang Soo Do Association:
- Consistent revenue growth observed from $375,703 in 2020 to $1,546,354 in 2023, demonstrating strong recovery and expansion.
- Healthy asset growth from $719,344 in 2017 to $1,258,321 in 2023, indicating sound financial management.
- Low or zero lobbying expenses across all reported years, suggesting resources are primarily directed towards core programs.
- Positive net income in most recent years, with revenue exceeding expenses, contributing to asset accumulation.
Frequently Asked Questions about World Tang Soo Do Association
Is World Tang Soo Do Association a legitimate charity?
Based on AI analysis of IRS 990 filings, World Tang Soo Do Association (EIN: 222429979) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does World Tang Soo Do Association spend its money?
World Tang Soo Do Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to World Tang Soo Do Association tax-deductible?
World Tang Soo Do Association is registered as a tax-exempt nonprofit (EIN: 222429979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does World Tang Soo Do Association do?
World Tang Soo Do Association is a nonprofit organization in the Recreation & Sports sector, located in Burlington, North Carolina. It is classified under NTEE code N60.
How much revenue does World Tang Soo Do Association have?
World Tang Soo Do Association reported total revenue of $1,678,199. Based on 13 IRS 990 filings on record.
What are World Tang Soo Do Association's total assets?
World Tang Soo Do Association holds total assets of $1,288,738 as reported in IRS 990 filings.
Where is World Tang Soo Do Association located?
World Tang Soo Do Association is based in Burlington, North Carolina.
What is World Tang Soo Do Association's EIN?
World Tang Soo Do Association's Employer Identification Number (EIN) is 222429979. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is World Tang Soo Do Association?
World Tang Soo Do Association is classified under NTEE code N60 (Recreation & Sports).
Is World Tang Soo Do Association a registered 501(c)(3)?
Yes, World Tang Soo Do Association is recognized as a tax-exempt organization by the IRS. EIN: 222429979.
Does World Tang Soo Do Association file IRS Form 990?
Yes, World Tang Soo Do Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was World Tang Soo Do Association's revenue in 2023?
In the 202312 filing period, World Tang Soo Do Association reported total revenue of $1,546,354, total expenses of $1,439,875, and net assets of $1,258,321.
Is World Tang Soo Do Association's revenue growing or declining?
World Tang Soo Do Association's revenue is growing. Revenue went from $1,366,918 (202212) to $1,546,354 (202312), a +13.1% change. Based on 13 filings on record.
What is World Tang Soo Do Association's most recent 990 filing?
The most recent IRS Form 990 filing for World Tang Soo Do Association covers tax period 202312. It shows revenue of $1,546,354, expenses of $1,439,875, total assets of $1,258,321, and liabilities of $38,606.
How much does World Tang Soo Do Association spend on programs vs administration?
Based on IRS 990 analysis, World Tang Soo Do Association allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is World Tang Soo Do Association a trustworthy charity?
Based on AI analysis of IRS 990 data, World Tang Soo Do Association appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are World Tang Soo Do Association's strengths?
Positive indicators for World Tang Soo Do Association include: Consistent revenue growth observed from $375,703 in 2020 to $1,546,354 in 2023, demonstrating strong recovery and expansion.. Healthy asset growth from $719,344 in 2017 to $1,258,321 in 2023, indicating sound financial management.. Low or zero lobbying expenses across all reported years, suggesting resources are primarily directed towards core programs.. Positive net income in most recent years, with revenue exceeding expenses, contributing to asset accumulation.. These findings are derived from AI analysis of the organization's financial filings.
How does World Tang Soo Do Association compensate executives?
Executive compensation is not directly discernible from the provided summary data, requiring a review of Form 990, Part VII, Section A to assess specific amounts and reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the World Tang Soo Do Association manage to maintain zero lobbying expenses despite its international reach and potential policy implications for martial arts organizations?
The consistent reporting of 0% lobbying expenses across all years suggests a deliberate organizational strategy to avoid direct political advocacy, focusing instead on internal growth, member services, and the promotion of Tang Soo Do through non-lobbying activities. This could be due to their specific mission, which may not intersect with policy-making in a way that necessitates lobbying, or a strategic decision to allocate resources elsewhere.
Filing History
IRS 990 filing history for World Tang Soo Do Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), World Tang Soo Do Association's revenue has grown by 51.1%, moving from $1.0M to $1.5M. Total assets decreased by 6.6% over the same period, from $1.3M to $1.3M. Total functional expenses rose by 42.6%, from $1.0M to $1.4M. In its most recent filing year (2023), World Tang Soo Do Association reported a surplus of $106K, with revenue exceeding expenses. The organization holds $39K in liabilities against $1.3M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $1.3M | $39K | — | — |
| 2022 | $1.4M | $1.3M | $1.2M | $43K | — | View 990 |
| 2021 | $1.0M | $798K | $1.1M | $81K | — | View 990 |
| 2020 | $376K | $606K | $857K | $67K | — | View 990 |
| 2019 | $1.4M | $1.3M | $1.1M | $42K | — | View 990 |
| 2018 | $1.5M | $1.3M | $917K | $0 | — | View 990 |
| 2017 | $1.2M | $1.3M | $719K | $22K | — | View 990 |
| 2016 | $1.5M | $1.4M | $748K | $16K | — | View 990 |
| 2015 | $1.2M | $1.1M | $675K | $23K | — | View 990 |
| 2014 | $1.2M | $1.3M | $640K | $18K | — | View 990 |
| 2013 | $1.1M | $928K | $807K | $4K | — | View 990 |
| 2012 | $1.2M | $1.2M | $562K | $16K | — | View 990 |
| 2011 | $1.0M | $1.0M | $1.3M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $1.3M (revenue +13.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.2M (revenue +33.0% year-over-year).
- 2021: Revenue of $1.0M, expenses of $798K, and assets of $1.1M (revenue +173.5% year-over-year).
- 2020: Revenue of $376K, expenses of $606K, and assets of $857K (revenue -73.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue -6.0% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $917K (revenue +22.8% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $719K (revenue -15.8% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $748K (revenue +23.9% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $675K (revenue -2.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.3M, and assets of $640K (revenue +8.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $928K, and assets of $807K (revenue -7.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $562K (revenue +16.0% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.0M, and assets of $1.3M.
Data Sources and Methodology
This transparency report for World Tang Soo Do 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.