Kwang He Won Health Center

Analysis

Kwang He Won Health Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kwang He Won Health Center reported income of $784k and spending of $915k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $288k to $784k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 155% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kwang He Won Health Center sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Integrity Partners for Behavioral Health Ipa Inc ($783k), Place of Hope Inc ($784k) and Options for Women of California ($783k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $22k (2.5% of expenses). Other salaries and wages came to $447k. At year end it held assets of $162k against liabilities of $1.1m, net assets of -$926k. It reported 10 employees.