Korean Christian Press Inc

Analysis

Korean Christian Press Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Korean Christian Press Inc reported income of $144k and spending of $180k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $144k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 477% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean Christian Press Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include The Credit Union Foundation of MD and DC Inc ($144k), Veterans Council of St Johns County Inc ($144k) and Recover or Sacrifice Everything Rose Counseling Center Inc ($144k).

Compensation of current officers, directors and key employees was $55k (31% of expenses). At year end it held assets of $269k against liabilities of $133, net assets of $269k. It reported 3 employees.