Dallas Choong Hyun Presbyterian Church

Analysis

Dallas Choong Hyun Presbyterian Church is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1994, 32 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dallas Choong Hyun Presbyterian Church reported income of $79k and spending of $164k, spending 208% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $91k to $79k (-14%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 169% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dallas Choong Hyun Presbyterian Church sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Pittsburgh Psychoanalytic Institute ($79k), Special Young Adults Inc ($79k) and Rochester Scholarship Association ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $841k against liabilities of $0, net assets of $841k.

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.