Sarang Korean School

Analysis

Sarang Korean School is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sarang Korean School reported income of $251k and spending of $270k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $268k to $251k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sarang Korean School sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Friends of the Albuquerque Public Library ($251k), Dancing Kids Fundraising ($251k) and TNM Foundation ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $159k. At year end it held assets of $92k against liabilities of $4,320, net assets of $87k. It reported 35 employees.