Sun Kyeong Inc

Analysis

Sun Kyeong Inc is a registered charity in United States, based in Agoura Hills, CA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Sun Kyeong Inc reported income of $148k and spending of $359k, spending 243% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $261k to $148k (-44%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 147% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sun Kyeong Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Operation Earnie S Plate Incorporated ($147k), Crisis Pregnancy Center of Southwest Mississippi Inc ($148k) and Charlies Champions Childhood Cancer Foundation ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. At year end it held assets of $110k against liabilities of $479k, net assets of -$369k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.