Kaesong Foundation

Analysis

Kaesong Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Kaesong Foundation reported income of $71k and spending of $56k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $368k to $71k (-81%), an average of -42% a year. The sharpest change came in the year to December 2021, when income dropped by 69%. Over the whole period it spent 27% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kaesong Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Oasis International Ministries ($71k), Darul Uloom of Florida Inc ($71k) and Evangelism Global ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $480k against liabilities of $0, net assets of $480k.