Mason Korea LLC

Analysis

Mason Korea LLC is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mason Korea LLC reported income of $13.9m and spending of $12.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.7m to $13.9m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mason Korea LLC sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Kennesaw State Unversity Research and Service Foundation Inc ($13.9m), Donelson Christian Academy Inc ($13.9m) and Yeshiva of Greater Washington Inc ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.5m (12% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $10.7m against liabilities of $533k, net assets of $10.2m.