Washington Association for Korean Schools

Analysis

Washington Association for Korean Schools is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Washington Association for Korean Schools reported income of $105k and spending of $77k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $79k to $105k (+33%), an average of +33% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Association for Korean Schools sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Orangevale Rotary Charitable Fund ($105k), Parent Booster USA Inc ($105k) and Rayle Emc Foundation Inc ($105k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.