Washington State Korean-American Education and Culture Foundation

Analysis

Washington State Korean-American Education and Culture Foundation is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in September 2018, 8 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 July 2023, Washington State Korean-American Education and Culture Foundation reported income of $332k and spending of $52k, leaving 84% of income unspent that year. Across the 2 years on record, from July 2021 to July 2023, income grew from $58k to $332k (+468%), an average of +468% a year. The sharpest change came in the year to July 2023, when income rose by 468%. Over the whole period it spent 13% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington State Korean-American Education and Culture Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Verdigris Ensemble Inc ($331k), Performing Arts Academy of New Braunfels Inc ($332k) and Chisholm Trail Museum Inc ($331k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $481k against liabilities of $0, net assets of $481k.