Korean School Foundation Inc

Analysis

Korean School Foundation Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1984, 42 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 August 2023, Korean School Foundation Inc reported income of $114k and spending of $124k, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $100k to $114k (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2023, when income rose by 59%. 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, Korean School Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within AK. Charities of a similar size with the same main cause include North American Folk Music and Dance Alliance Inc ($114k), Novaworks Foundation ($114k) and Bloomer Area Veterans Center ($114k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 41% and program service revenue 18% of the total. Other salaries and wages came to $49k. At year end it held assets of $133k against liabilities of $563, net assets of $133k. It reported 11 employees.