Chicago Korean Dance Company NFP

Analysis

Chicago Korean Dance Company NFP is a registered charity in United States, based in Rolling MDWS, IL. It received its IRS tax-exemption ruling in August 2015, 11 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, Chicago Korean Dance Company NFP reported income of $270k and spending of $231k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $270k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Korean Dance Company NFP sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include New Jersey State Museum Foundation ($270k), Russian Christian Radio Inc ($270k) and Santa Clarita Ballet Company Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $30k (13% of expenses). At year end it held assets of $146k against liabilities of $0, net assets of $146k. It reported 1 employees.