Korean School of Sacramento

Analysis

Korean School of Sacramento is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Korean School of Sacramento reported income of $87k and spending of $93k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $91k to $87k (-3.4%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean School of Sacramento sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include The Hobart Adult Football Booster Club ($87k), Donald N Parodi Memorial Charitable TR 060190 ($87k) and Arlington School ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $2,927 against liabilities of $0, net assets of $2,927.

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.