Okjoo Foundation

Analysis

Okjoo Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Okjoo Foundation reported income of $90k and spending of $141k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $90k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 426%. Over the whole period it spent 20% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Okjoo Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within NV. Charities of a similar size with the same main cause include Mystic Irish Parade Foundation ($90k), Foothills Service Club ($90k) and Edward Taylor Coombs Foundation ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $29k (21% of expenses). At year end it held assets of $7.8m against liabilities of $0, net assets of $7.8m. It reported 2 employees.