Korean Heritage Scholarship Foundation

Analysis

Korean Heritage Scholarship Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Heritage Scholarship Foundation reported income of $59k and spending of $41k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $59k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 449%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean Heritage Scholarship Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Columbus Grove Athletic Boosters Club Inc ($59k), Beecher Road School PTO ($59k) and Mountain View Band Parents Association ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.