Korean Language Foundation Inc

Analysis

Korean Language Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Korean Language Foundation Inc reported income of $62k and spending of $24k, leaving 61% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $55k to $62k (+13%), an average of +13% a year. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean Language Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Charlie Bates Solar Astronomy Project Inc ($62k), Project Read Inc ($62k) and Wood Colony Christian School Corporation ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.