Friends of Seoul Foreign School Inc

Analysis

Friends of Seoul Foreign School Inc is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Friends of Seoul Foreign School Inc reported income of $175k and spending of $196k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $221k to $175k (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 71% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Seoul Foreign School Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IA. Charities of a similar size with the same main cause include Orphan Aid Society ($175k), Servant of Servants International ($175k) and Manna Mission of USA ($175k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.