Korean American Education Foundation Inc

Analysis

Korean American Education Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1997, 29 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 (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 American Education Foundation Inc reported income of $534k and spending of $681k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $721k to $534k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 117% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Korean American Education Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Forward Advantage Foundation Inc ($534k), Beyond Capital Fund ($535k) and Focus on Children Now Inc ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 12% of the total. Other salaries and wages came to $121k. At year end it held assets of $3.0m against liabilities of $107k, net assets of $2.8m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.