Kwon S Foundation Inc

Analysis

Kwon S Foundation Inc is a registered charity in United States, based in Englewood, NJ. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kwon S Foundation Inc reported income of $277k and spending of $105k, leaving 62% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 1393%. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kwon S Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Utec Hub Inc ($277k), Appalachian Community Development Core Inc ($277k) and Navat Yisrael Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.