Christian Friends of Korea Inc

Analysis

Christian Friends of Korea Inc is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Christian Friends of Korea Inc reported income of $881k and spending of $377k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $881k (-74%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Christian Friends of Korea Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Benedictine Life Foundation of Wisconsin Inc ($881k), Hasson Lifestreams Foundation ($881k) and Deaconess Faith Community Nurse Ministries ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $151k (40% of expenses). Other salaries and wages came to $64k. At year end it held assets of $2.3m against liabilities of $132, net assets of $2.3m. It reported 5 employees.