Koryo Health Foundation

Analysis

Koryo Health Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1977, 49 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Koryo Health Foundation reported income of $122k and spending of $126k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $122k (-88%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 90%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Koryo Health Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Palmetto Richland Memorial Hospital Auxiliary ($122k), Northern Virginia Music Teachers Association ($122k) and Tennessee Elks Benevolent Trust Inc ($122k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $15k (12% of expenses). Other salaries and wages came to $2,500. At year end it held assets of $48k against liabilities of $0, net assets of $48k. It reported 9 employees.