Korean American School of Atlanta

Analysis

Korean American School of Atlanta is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Korean American School of Atlanta reported income of $319k and spending of $197k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $260k to $319k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean American School of Atlanta sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include Change the Air Foundation Inc ($319k), St Josephs Youth Camp Inc ($319k) and The Arc of Texas ($319k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.8m against liabilities of $36, net assets of $1.8m. It reported 54 employees.