Korean Heritage School of Long Island Inc

Analysis

Korean Heritage School of Long Island Inc is a registered charity in United States, based in Little Neck, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Korean Heritage School of Long Island Inc reported income of $54k and spending of $54k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $54k (-2.8%), an average of -2.8% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean Heritage School of Long Island Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Catawba Trail Elementary Parent Teacher Organization ($54k), Fasd Education Foundation Inc ($54k) and West Covina High School Band Parents Association Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.