Korean Academy of Colorado Inc

Analysis

Korean Academy of Colorado Inc is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Korean Academy of Colorado Inc reported income of $108k and spending of $131k, spending 121% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $157k to $108k (-31%), an average of -31% a year. The sharpest change came in the year to June 2024, when income dropped by 31%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean Academy of Colorado Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within CO. Charities of a similar size with the same main cause include Medea Creek Middle School Parent Faculty Association ($108k), West-Mec Alliance ($108k) and Kiryas Joel Workforce Developmentinc ($108k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 67% of the total. At year end it held assets of $204k against liabilities of $37k, net assets of $167k.