National Association for Korean Schools Mid Atlantic Chapter

Analysis

National Association for Korean Schools Mid Atlantic Chapter is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, National Association for Korean Schools Mid Atlantic Chapter reported income of $75k and spending of $50k, leaving 33% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $44k to $75k (+68%), an average of +68% a year. The sharpest change came in the year to August 2023, when income rose by 68%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Association for Korean Schools Mid Atlantic Chapter sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within DE. Charities of a similar size with the same main cause include The Sunshine Jazz Organization Inc ($75k), Medford Public Library Foundation Inc ($75k) and Temenos Inc ($75k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.