Korean Missionary Society USA

Analysis

Korean Missionary Society USA is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Korean Missionary Society USA reported income of $161k and spending of $157k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $161k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean Missionary Society USA sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Christ Fellowship Church of God in Christ ($161k), Lovesick Ministries ($161k) and Refuge Outfitters for Christs Kingdom ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.