Korean Sports Association of New York Inc

Analysis

Korean Sports Association of New York Inc is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in January 2002, 24 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 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, Korean Sports Association of New York Inc reported income of $968k and spending of $1.3m, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $382k to $968k (+153%), an average of +153% a year. The sharpest change came in the year to December 2023, when income rose by 153%. Over the whole period it spent 101% 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 Sports Association of New York Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include The Shane Lalani Center for the Arts ($967k), Community Arts Association in Newton County Inc ($968k) and Biblical History Center Inc ($967k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,987 against liabilities of $0, net assets of $2,987.