Korean Educational Institute

Analysis

Korean Educational Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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 December 2023, Korean Educational Institute reported income of $103k and spending of $114k, spending 111% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $313k to $103k (-67%), an average of -20% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean Educational Institute sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Meridian Technology Center Foundation ($103k), Grant County Senior Citizens Association ($103k) and Mid-America Law School Library Consortium ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 58% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.6m against liabilities of $227k, net assets of $1.4m. It reported 16 employees.