Korean Bible Funds

Analysis

Korean Bible Funds is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in August 2013, 13 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, Korean Bible Funds reported income of $115k and spending of $119k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $115k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean Bible Funds sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Fellowship of Indian Brethren Families in North America Inc ($115k), Niet Ban Inc ($115k) and Our Fathers Project ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.