Korea Youth Promotion Association of USA Inc

Analysis

Korea Youth Promotion Association of USA Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Korea Youth Promotion Association of USA Inc reported income of $129k and spending of $110k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $129k (+65%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Korea Youth Promotion Association of USA Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Coon Creek Youth Sporting Foundation ($129k), Shafter Youth Football Cheer & Other Sports ($129k) and Blackbird Quarter Midget Race Club ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.