Unification of Korea Academic Research Foundation

Analysis

Unification of Korea Academic Research Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2024, Unification of Korea Academic Research Foundation reported income of $379k and spending of $334k, spending 88% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $343k to $379k (+11%), an average of +2.0% a year. The sharpest change came in the year to August 2022, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Unification of Korea Academic Research Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Listening Room Inc ($379k), Ieom Society International ($379k) and Southwest Michigan Symphony Orchestra Inc ($379k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $54k. At year end it held assets of $65k against liabilities of $0, net assets of $65k. It reported 1 employees.