The National Association for Korean Schools North East Chapter

Analysis

The National Association for Korean Schools North East Chapter is a registered charity in United States, based in Fort Lee, NJ. It received its IRS tax-exemption ruling in August 1993, 33 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 August 2023, The National Association for Korean Schools North East Chapter reported income of $101k and spending of $99k, spending 99% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $78k to $101k (+30%), an average of +30% a year. The sharpest change came in the year to August 2023, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The National Association for Korean Schools North East Chapter sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Solar Culture Gallery Incorporated ($101k), St Patricks Day Parade of Lawrence Kansas Inc ($101k) and Madison County Veterans Memorial Foundation Inc ($101k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.