Korean Culture Center of Dallas

Analysis

Korean Culture Center of Dallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2014, 12 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 (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, Korean Culture Center of Dallas reported income of $172k and spending of $159k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $172k (+1.0%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 108% 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 Culture Center of Dallas sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Eastside Heritage Center ($172k), Durango Playfest ($172k) and Lawnside Historical Society ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.7m against liabilities of $732k, net assets of $940k.