The Korean American School of Heritage & Culture

Analysis

The Korean American School of Heritage & Culture is a registered charity in United States, based in Northbrook, IL. It received its IRS tax-exemption ruling in November 2006, 20 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 December 2023, The Korean American School of Heritage & Culture reported income of $144k and spending of $160k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $144k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Korean American School of Heritage & Culture sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Rodrigo Rodriguez Ministries LLC ($144k), Theatre Grottesco North America Inc ($144k) and Philadelphia Sketch Club ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. At year end it held assets of $127k against liabilities of $46k, net assets of $81k.