Jungshim Ki Energy Center

Analysis

Jungshim Ki Energy Center is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Jungshim Ki Energy Center reported income of $115k and spending of $84k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $115k (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jungshim Ki Energy Center sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Woodstock Time Bank ($115k), Growth Resourcing Group Inc ($115k) and Our Lady of Mount Carmel Conference ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $57k against liabilities of $26k, net assets of $31k.