National Association for Korean Schools Inc

Analysis

National Association for Korean Schools Inc is a registered charity in United States, based in Ellicott City, MD. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, National Association for Korean Schools Inc reported income of $291k and spending of $339k, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $334k to $291k (-13%), an average of -3.4% a year. The sharpest change came in the year to August 2020, when income dropped by 42%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Association for Korean Schools Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Proyecto Faro Inc ($291k), Springbank Christian Center Sister Jeanne Nisley ($291k) and Family Mentor Foundation ($291k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $523k against liabilities of $0, net assets of $523k.