Korean School of New Jersey

Analysis

Korean School of New Jersey is a registered charity in United States, based in Tenafly, NJ. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 December 2023, Korean School of New Jersey reported income of $517k and spending of $422k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $392k to $517k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean School of New Jersey sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Community Careers & Support Services ($517k), Boy Scouts of America ($517k) and LA Posada Home Inc ($517k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $737k against liabilities of $0, net assets of $737k.