National Korean American Service and Education Consortium Inc

Analysis

National Korean American Service and Education Consortium Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 June 2023, National Korean American Service and Education Consortium Inc reported income of $7.3m and spending of $4.0m, leaving 44% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.8m to $7.3m (+160%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 109%. Over the whole period it spent 76% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, National Korean American Service and Education Consortium Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Ujima the National Center on Violence Against Women ($7.2m), Concerns of Police Survivors ($7.3m) and Childrens Crisis Center of Stanislaus County ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $6.8m against liabilities of $580k, net assets of $6.2m. It reported 64 employees.