Korean School Association Inc

Analysis

Korean School Association Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 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 School Association Inc reported income of $110k and spending of $117k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $110k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean School Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Indiana Association for Floodplain and Stormwater Management Inc ($110k), Bnos Rabbeonu High School Inc ($110k) and Fighting Indians Band Boosters Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,933 against liabilities of $0, net assets of $3,933.

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.