Yonsei Basketball Association

Analysis

Yonsei Basketball Association is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Yonsei Basketball Association reported income of $184k and spending of $178k, spending 97% of its income. Across the 3 years on record, from October 2019 to October 2023, income fell from $196k to $184k (-6.2%), an average of -3.1% a year. The sharpest change came in the year to October 2023, when income rose by 190%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Yonsei Basketball Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Ama Foundation ($184k), Real Hope Ministries Inc ($184k) and The Siloe Project ($184k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.