The Korean Society of Dallas

Analysis

The Korean Society of Dallas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Korean Society of Dallas reported income of $327k and spending of $321k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $429k to $327k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Korean Society of Dallas sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Friends of Bristol Valley Playhouse Foundation Inc ($327k), The Dance School ($327k) and Music in Place ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $1,092 against liabilities of $1,087, net assets of $5. It reported 1 employees.