Korean American Cultural Center of San Antonio

Analysis

Korean American Cultural Center of San Antonio is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Korean American Cultural Center of San Antonio reported income of $71k and spending of $72k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $71k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 102% 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 American Cultural Center of San Antonio sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Friends of the Medal of Honor Grove ($71k), The Arlington Childrens Chorus ($71k) and Ridge Art Association Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 67% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.