Yim & Kim Foundation

Analysis

Yim & Kim Foundation is a registered charity in United States, based in Morton Grove, IL. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Yim & Kim Foundation reported income of $90k and spending of $74k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $90k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Yim & Kim Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include 2nd Chance Discipleship Ministries ($90k), Catholic Archdiocese of Mwanza ($90k) and Iglesia Apostolica Vida Familiar Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.