NJ Hunmin Korean Culture School

Analysis

NJ Hunmin Korean Culture School is a registered charity in United States, based in Bergenfield, NJ. It received its IRS tax-exemption ruling in November 2013, 13 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, NJ Hunmin Korean Culture School reported income of $63k and spending of $62k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $70k to $63k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NJ Hunmin Korean Culture School sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Cornelia Elementary PTO ($63k), Palmyra Area High School Band ($63k) and Rotary Club of Vallejo Foundation ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $4,987 against liabilities of $0, net assets of $4,987.