Korean School of New York Inc

Analysis

Korean School of New York Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in July 1974, 52 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 York Inc reported income of $82k and spending of $73k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $82k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 94% 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 York Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Father McElligott Sacred Heart School Foundation ($82k), Quinsigamond Village Community Center ($82k) and Friends of the Klamath County Library ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.