Korean School of New England Inc

Analysis

Korean School of New England Inc is a registered charity in United States, based in Shrewsbury, MA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Korean School of New England Inc reported income of $189k and spending of $185k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $180k to $189k (+4.6%), an average of +4.6% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Korean School of New England Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Wayne County Indiana Historical Society ($189k), Muwekma Ohlone Preservation Foundation ($189k) and St Lucas Historical Society ($189k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 74% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.