Kkottongnae Inc

Analysis

Kkottongnae Inc is a registered charity in United States, based in Lynwood, CA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kkottongnae Inc reported income of $2.0m and spending of $884k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $762k to $2.0m (+164%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kkottongnae Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Michael Fields Agricultural Institute Inc ($2.0m), Northwest Agriculture Business Center ($2.0m) and Cerenity Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $9.9m against liabilities of $712, net assets of $9.9m.