Korean Catholic Broadcasting Corporation

Analysis

Korean Catholic Broadcasting Corporation 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 religion-related, which this site groups under religion. 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 Catholic Broadcasting Corporation reported income of $280k and spending of $26k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $280k (+969%), an average of +969% a year. The sharpest change came in the year to December 2023, when income rose by 969%. Over the whole period it spent 19% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean Catholic Broadcasting Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Christian Student Fellowship ($280k), Mount Zion Second Baptist Church Inc ($280k) and McHon Kisvei R Elya Boruch Inc ($279k).

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 $256k against liabilities of $0, net assets of $256k.