Andrew Jay-Hoon Kim Memorial Foundation

Analysis

Andrew Jay-Hoon Kim Memorial Foundation is a registered charity in United States, based in Englewd CLFS, NJ. It received its IRS tax-exemption ruling in January 2003, 23 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, Andrew Jay-Hoon Kim Memorial Foundation reported income of $198k and spending of $267k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $198k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Andrew Jay-Hoon Kim Memorial Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Helping Friends Foundation ($198k), Jubilee Partners Association ($198k) and LHS Rebels Baseball Boostr Club Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.