Heritage of Korean Independence SF USA

Analysis

Heritage of Korean Independence SF USA is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage of Korean Independence SF USA reported income of $83k and spending of $107k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $114k to $83k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage of Korean Independence SF USA sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Hattheatre Inc ($83k), Spanish Trail Playhouse Inc ($83k) and Michigan Sports Hall of Fame Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.