Silicon Valley Korean School Inc

Analysis

Silicon Valley Korean School Inc is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Silicon Valley Korean School Inc reported income of $994k and spending of $788k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $812k to $994k (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silicon Valley Korean School Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Pueblo Works Corp ($994k), Cy-Hope Inc ($994k) and Gulf Coast Leadership Council Inc ($994k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $60k (7.7% of expenses). Other salaries and wages came to $361k. At year end it held assets of $1.7m against liabilities of $1,043, net assets of $1.7m. It reported 79 employees.