Dragon Kim Foundation

Analysis

Dragon Kim Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Dragon Kim Foundation reported income of $418k and spending of $549k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $418k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dragon Kim 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 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Shabbat Angels Inc ($418k), Ivan & Caroline Wilson Memorial TR II ($418k) and 30-Days Foundation ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $44k (8.0% of expenses). Other salaries and wages came to $56k. At year end it held assets of $613k against liabilities of $17k, net assets of $596k. It reported 3 employees.