Korean Christian Broadcasting System

Analysis

Korean Christian Broadcasting System is a registered charity in United States, based in Morton Grove, IL. It received its IRS tax-exemption ruling in July 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Korean Christian Broadcasting System reported income of $521k and spending of $514k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $521k (+5.1%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Korean Christian Broadcasting System sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include American Institute of Polish Culture Inc ($521k), Texas Archive of the Moving Image ($521k) and Mississippi Sports Foundation Inc ($521k).

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 $386k against liabilities of $0, net assets of $386k. It reported 8 employees.