Kyoungs Pacific Beat Inc

Analysis

Kyoungs Pacific Beat Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2021, 5 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 June 2024, Kyoungs Pacific Beat Inc reported income of $82k and spending of $272k, spending 334% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $276k to $82k (-70%), an average of -33% a year. The sharpest change came in the year to June 2024, when income dropped by 75%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kyoungs Pacific Beat 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 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Wiley H Bates Legacy Center Inc ($82k), But Tre Magazine ($82k) and Tumbleweed Festival Inc ($82k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. At year end it held assets of $18k against liabilities of $517, net assets of $17k.