Korean Catholic Cursillo Movement Region of Southwest

Analysis

Korean Catholic Cursillo Movement Region of Southwest is a registered charity in United States, based in Buena Park, CA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Catholic Cursillo Movement Region of Southwest reported income of $57k and spending of $69k, spending 123% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $80k to $57k (-30%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 310%. Over the whole period it spent 121% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean Catholic Cursillo Movement Region of Southwest sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Nycypcd Inc ($57k), Joy Ministries Outreach Inc ($57k) and Citywide Prayer Movement ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.