Hwarang Youth Foundation

Analysis

Hwarang Youth Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hwarang Youth Foundation reported income of $243k and spending of $255k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $149k to $243k (+63%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hwarang Youth Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Rockford Supportive Housing NFP ($243k), The Charlotte Center for the Humanities Inc ($243k) and Mba Project Inc ($243k).

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 $64k. At year end it held assets of $27k against liabilities of $1,877, net assets of $25k. It reported 2 employees.