Korean American Society of Houston

Analysis

Korean American Society of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2009, 17 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 June 2023, Korean American Society of Houston reported income of $121k and spending of $114k, spending 94% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $281k to $121k (-57%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 58%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Korean American Society of Houston sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Cambridge Dance Youth Program Inc ($121k), Historic Preservation Alliance of Arkansas Inc ($121k) and Monroe Symphony Orchestra Inc Monroe Symphony Orchestra ($121k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.