Seoul National University Alumni Association in USA

Analysis

Seoul National University Alumni Association in USA is a registered charity in United States, based in N Oaks, MN. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Seoul National University Alumni Association in USA reported income of $405k and spending of $451k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $317k to $405k (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seoul National University Alumni Association in USA sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Los Alamos Band Boosters ($405k), Santa Ana Education Facilities ($405k) and Sweet Tree Arts ($405k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 20% of the total. Other salaries and wages came to $6,000. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.