Taegu Kyungbuk Society USA Inc

Analysis

Taegu Kyungbuk Society USA Inc is a registered charity in United States, based in Vernon, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Taegu Kyungbuk Society USA Inc reported income of $87k and spending of $77k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $87k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taegu Kyungbuk Society USA Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($87k), Dematic Employee Association ($87k) and Shelter From Violence Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.