Korea US Quantum Technology Cooperation Center

Analysis

Korea US Quantum Technology Cooperation Center is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover science and technology, 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, Korea US Quantum Technology Cooperation Center reported income of $618k and spending of $618k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $618k (+251%), an average of +251% a year. The sharpest change came in the year to December 2023, when income rose by 251%. 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, Korea US Quantum Technology Cooperation Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include South Shore Arts Inc ($618k), Target Margin Theater Inc ($618k) and Dayton Amateur Radio Association Inc ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $220k (36% of expenses). Other salaries and wages came to $42k. At year end it held assets of $377k against liabilities of $357k, net assets of $20k. It reported 2 employees.