Sejong Scholarship Foundation of America Inc

Analysis

Sejong Scholarship Foundation of America Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sejong Scholarship Foundation of America Inc reported income of $60k and spending of $57k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $55k to $60k (+9.5%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sejong Scholarship Foundation of America Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include Friends of the Medical College of Wisconsin Inc ($60k), Beatrice M Schmitz Endowed Memorial Trust Fund ($60k) and Fred S Friends Corp ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.