Korean Society of Oregon

Analysis

Korean Society of Oregon is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Korean Society of Oregon reported income of $296k and spending of $268k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $219k to $296k (+35%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean Society of Oregon sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OR. Charities of a similar size with the same main cause include Papans Landing Senior Center Inc ($296k), Century Trails Senior Housing ($296k) and Hamilton-Wenham Regional School District Education Fund Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). At year end it held assets of $135k against liabilities of $0, net assets of $135k.