Changbal Society

Analysis

Changbal Society is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover science and technology, 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, Changbal Society reported income of $77k and spending of $81k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $77k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Changbal Society sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Lone Tree Arts Center Fund ($77k), Arts Festival Association ($77k) and Organ Vespers Series Incorporated ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $65k against liabilities of $5,359, net assets of $59k.