International Foundation for Korea University Inc

Analysis

International Foundation for Korea University Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, International Foundation for Korea University Inc reported income of $1.0m and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $1.0m (+398%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 251%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, International Foundation for Korea University 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 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Andes-Amazon Conservancy ($1.0m), Association for Diplomatic Studies & Training ($1.0m) and Trilateral Commission North America ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. At year end it held assets of $543k against liabilities of $0, net assets of $543k.