NJ Kkottongnae Inc

Analysis

NJ Kkottongnae Inc is a registered charity in United States, based in Orange, NJ. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, NJ Kkottongnae Inc reported income of $337k and spending of $261k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $337k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 128%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, NJ Kkottongnae Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Lift Up ($337k), Gurnani Foundation ($337k) and Amazima Asset TR ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.