House of Korea Inc

Analysis

House of Korea Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, House of Korea Inc reported income of $62k and spending of $41k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $62k (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, House of Korea Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Fluxus Haus Inc ($62k), Bromo Tower Arts & Entertainment Inc ($62k) and Pennington Dance Group ($62k).

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 $138k against liabilities of $0, net assets of $138k.