One Korean

Analysis

One Korean is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, One Korean reported income of $80k and spending of $74k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $80k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, One Korean sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within AR. Charities of a similar size with the same main cause include Chancellor High School Band Parents Association ($80k), H D Lane Volunteer Fire Co Inc ($80k) and Sidney Public Schools Educational Foundation ($80k).

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 $76k against liabilities of $0, net assets of $76k.