Korean American Catholic Charismati C Renewal Service North East Inc

Analysis

Korean American Catholic Charismati C Renewal Service North East Inc is a registered charity in United States, based in Palisades PK, NJ. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Korean American Catholic Charismati C Renewal Service North East Inc reported income of $127k and spending of $96k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2019 to December 2022, income fell from $205k to $127k (-38%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean American Catholic Charismati C Renewal Service North East Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Exchange Cooperative ($127k), Peculiar Way ($127k) and Interfaith Counseling Center ($127k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.