Korean Christian Times Corporation

Analysis

Korean Christian Times Corporation is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Korean Christian Times Corporation reported income of $272k and spending of $278k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $285k to $272k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean Christian Times Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Gobind Marg Society ($272k), Wiseheart Foundation ($272k) and Assembleia de Deus No Sul Da Florida - Ministerio Madureira Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $40k (14% of expenses). Other salaries and wages came to $11k. At year end it held assets of $244k against liabilities of $74k, net assets of $170k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.