Sejong Cultural Society

Analysis

Sejong Cultural Society is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Sejong Cultural Society reported income of $122k and spending of $90k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $98k to $122k (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sejong Cultural Society sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Festival Hall Inc ($122k), Indiana Wind Symphony Inc ($122k) and NYC Arts Cypher Inc ($122k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. At year end it held assets of $181k against liabilities of $6,484, net assets of $174k.