Fred T Korematsu Institute

Analysis

Fred T Korematsu Institute is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Fred T Korematsu Institute reported income of $649k and spending of $362k, leaving 44% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $318k to $649k (+104%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 828%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fred T Korematsu Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Teach for Bangladesh ($648k), Hand in Hand USA ($649k) and Merrohawke Nature School Inc ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. Compensation of current officers, directors and key employees was $85k (23% of expenses). Other salaries and wages came to $94k. At year end it held assets of $381k against liabilities of $30k, net assets of $351k. It reported 4 employees.