Kor Education School

Analysis

Kor Education School is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Kor Education School reported income of $1.3m and spending of $977k, leaving 24% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $994k to $1.3m (+29%), an average of +6.5% a year. The sharpest change came in the year to July 2023, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kor Education School sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Lorien Wood ($1.3m), Blue Adobe Project ($1.3m) and Golden Key International Honour Society Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $54k (5.5% of expenses). Other salaries and wages came to $641k. At year end it held assets of $2.7m against liabilities of $62, net assets of $2.7m. It reported 61 employees.