Austin Korean School Inc

Analysis

Austin Korean School Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Austin Korean School Inc reported income of $239k and spending of $181k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $239k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Austin Korean School Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include National Inventors Hall of Fame Selection Board Inc ($239k), Cleveland Law Library Association ($239k) and Maury Elementary PTA ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $6,230 (3.4% of expenses). Other salaries and wages came to $84k. At year end it held assets of $239k against liabilities of $3,112, net assets of $236k. It reported 23 employees.