Seo & Hwang Foundation Inc

Analysis

Seo & Hwang Foundation Inc is a registered charity in United States, based in Ridgefield, NJ. It received its IRS tax-exemption ruling in March 2018, 8 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, Seo & Hwang Foundation Inc reported income of $534k and spending of $49k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $534k (+167%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 7464%. Over the whole period it spent 13% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seo & Hwang Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Richland Number 44 School Foundation ($534k), Brass City Harvest Inc ($534k) and Cary Band Boosters Club ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.