Seoul National University Foundation Inc

Analysis

Seoul National University Foundation Inc is a registered charity in United States, based in Fort Lee, NJ. It received its IRS tax-exemption ruling in February 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 December 2023, Seoul National University Foundation Inc reported income of $4.0m and spending of $3.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $4.0m (+227%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 307%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seoul National University Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include American Friends of Daas Aharon Inc ($4.0m), Woodstream Christain Academy Inc ($4.0m) and Foundation Christian Academy Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $6.8m against liabilities of $5,000, net assets of $6.8m.