Korean Evangelical Church of Washington

Analysis

Korean Evangelical Church of Washington is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Korean Evangelical Church of Washington reported income of $556k and spending of $480k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $585k to $556k (-5.0%), an average of -1.7% a year. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean Evangelical Church of Washington sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Living Hope Church ($556k), Amy for Africa ($556k) and Eyes Wide Open International ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $126k. At year end it held assets of $884k against liabilities of $487k, net assets of $396k.