Hasang Institute for Korean-American Culture and Educat

Analysis

Hasang Institute for Korean-American Culture and Educat is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in June 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 December 2023, Hasang Institute for Korean-American Culture and Educat reported income of $273k and spending of $215k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $273k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 178%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hasang Institute for Korean-American Culture and Educat sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Vladimir and Haewon Feltsman Piano Foundation Ltd ($273k), Soul Rep Theatre Company ($273k) and Small Press Traffic Literary Arts Center ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Other salaries and wages came to $125k. At year end it held assets of $249k against liabilities of $26, net assets of $249k. It reported 30 employees.