Korean American Education Foundation

Analysis

Korean American Education Foundation is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in February 1973, 53 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 June 2023, Korean American Education Foundation reported income of $147k and spending of $267k, spending 182% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $79k to $147k (+86%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 393%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean American Education Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Wat Lao Buddharangsy ($147k), Holyoke Merry-Go-Round Inc ($147k) and Lone Star Cookers Inc ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 95% of the total. Other salaries and wages came to $113k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 2 employees.