Chun Family Foundation Inc

Analysis

Chun Family Foundation Inc is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chun Family Foundation Inc reported income of $343k and spending of $59k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $343k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chun Family Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Blaze Credit Union Foundation ($343k), Rio Grande Valley Philanthropic Foundation ($343k) and United Way of Auglaize Co Oh Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.