Seoul Presbyterian Church of New York

Analysis

Seoul Presbyterian Church of New York is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Seoul Presbyterian Church of New York reported income of $97k and spending of $97k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $155k to $97k (-37%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seoul Presbyterian Church of New York sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Generation Outcry International Incorporation ($97k), Icd Inc ($97k) and Zion Gate Ministries ($97k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $250k against liabilities of $0, net assets of $250k. It reported 1 employees.