Coral Ridge Korean American Presbyterian Church Inc

Analysis

Coral Ridge Korean American Presbyterian Church Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coral Ridge Korean American Presbyterian Church Inc reported income of $291k and spending of $72k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $364k to $291k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 20% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Coral Ridge Korean American Presbyterian Church Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include I Hope Ministries ($291k), Sri Sambha Sathasiva Vidya Peetham ($291k) and Jewish Heritage Movement ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $284k against liabilities of $0, net assets of $284k.