King Sejong Institute Center USA

Analysis

King Sejong Institute Center USA is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2018, 8 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, King Sejong Institute Center USA reported income of $285k and spending of $330k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $372k to $285k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, King Sejong Institute Center USA sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Sophia S Choice ($285k), Qualia Research Institute ($285k) and Marshall County Historical Society Incorporated ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $159k. At year end it held assets of $219k against liabilities of $2,624, net assets of $216k. It reported 8 employees.