Korean Evangelical Church of

Analysis

Korean Evangelical Church of is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Korean Evangelical Church of reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $3.3m to $1.1m (-65%), an average of -23% a year. The sharpest change came in the year to March 2021, when income dropped by 72%. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean Evangelical Church of sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Buckhorn Camp Inc ($1.1m), Meaningful Minute Inc ($1.1m) and Wellspring ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $36k. At year end it held assets of $3.9m against liabilities of $685k, net assets of $3.2m. It reported 3 employees.