Irvine Korean Parent Association

Analysis

Irvine Korean Parent Association is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in February 2013, 13 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, Irvine Korean Parent Association reported income of $51k and spending of $43k, spending 84% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $30k to $51k (+70%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 98%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Irvine Korean Parent Association sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include International Harvester Collectors of Central Pa ($51k), Cultural Voice of North Carolina Inc ($51k) and Artneo ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.