Young Nak Church Reserve TR

Analysis

Young Nak Church Reserve TR is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Young Nak Church Reserve TR reported income of $419k and spending of $667k, spending 159% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $498k to $419k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Young Nak Church Reserve TR sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Demarest PTO Inc ($419k), Lubin-Green Foundation ($420k) and Friends of Williamsburg Regional Library Foundation ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.