Global Korean Nursing Foundation Inc

Analysis

Global Korean Nursing Foundation Inc is a registered charity in United States, based in Northbrook, IL. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Global Korean Nursing Foundation Inc reported income of $220k and spending of $105k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $264k to $220k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Korean Nursing Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Knowledge Systems Institute ($220k), American Association of Teachers of Italian ($220k) and Gulf Offshore Research Institute ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.