One Heart Korean Church Inc

Analysis

One Heart Korean Church Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, One Heart Korean Church Inc reported income of $120k and spending of $125k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $158k to $120k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, One Heart Korean Church Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include NFGM Nizar Fares Global Ministry ($120k), Northern Luzon Adventist Schools Alumni Association of America ($120k) and Dirty Feet Missions Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $95k against liabilities of $0, net assets of $95k. It reported 2 employees.