Korean Traditional Marching Band Inc

Analysis

Korean Traditional Marching Band Inc is a registered charity in United States, based in Basement Flushing, NY. It received its IRS tax-exemption ruling in February 2014, 12 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 April 2024, Korean Traditional Marching Band Inc reported income of $124k and spending of $147k, spending 118% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income grew from $88k to $124k (+41%), an average of +40% a year. The sharpest change came in the year to April 2024, when income rose by 41%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Korean Traditional Marching Band Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Manuscript Research Group ($124k), Sac Cultural Hub Media Foundation ($124k) and Preservation Pennsylvania ($124k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $64k against liabilities of $37k, net assets of $27k.