United Seattle & Bellevue Korean School

Analysis

United Seattle & Bellevue Korean School is a registered charity in United States, based in Mercerisland, WA. It received its IRS tax-exemption ruling in April 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, United Seattle & Bellevue Korean School reported income of $717k and spending of $683k, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $438k to $717k (+64%), an average of +13% a year. The sharpest change came in the year to July 2022, when income rose by 61%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United Seattle & Bellevue Korean School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Thunderheart Media Inc ($717k), Baltimore Choral Arts Society Inc ($718k) and Deaf West Theatre Company Inc ($717k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $378k. At year end it held assets of $826k against liabilities of $206k, net assets of $619k. It reported 72 employees.