Sook Myung International Foundation

Analysis

Sook Myung International Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Sook Myung International Foundation reported income of $63k and spending of $64k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $97k to $63k (-35%), an average of -8.4% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sook Myung International Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Platte County Food Pantry Inc ($63k), Presbyterian Medical Care Mission Foundation ($63k) and Mater Dei Friends and Alumni Association Inc ($63k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.