Bul Kwang Sa Inc

Analysis

Bul Kwang Sa Inc is a registered charity in United States, based in Tappan, NY. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bul Kwang Sa Inc reported income of $426k and spending of $390k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $286k to $426k (+49%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bul Kwang Sa Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include JC Evangelistic Ministries ($426k), El Centro Network Inc ($426k) and Jewish Advocate Religious News Corp ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $81k. At year end it held assets of $2.4m against liabilities of $96k, net assets of $2.3m. It reported 6 employees.