Korean Institute of Southern California

Analysis

Korean Institute of Southern California is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Korean Institute of Southern California reported income of $825k and spending of $917k, spending 111% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $902k to $825k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to July 2020, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean Institute of Southern California sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Rochester Community Robotics ($825k), Stillwater Public Library ($825k) and Trilogy School of Learning Alternatives Inc ($825k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $453k. At year end it held assets of $2.1m against liabilities of $934k, net assets of $1.2m. It reported 145 employees.