Kim Eung Hwa & Korean Dance Academy

Analysis

Kim Eung Hwa & Korean Dance Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Kim Eung Hwa & Korean Dance Academy reported income of $122k and spending of $117k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $122k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kim Eung Hwa & Korean Dance Academy sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Galbreath Family Charities Inc ($122k), The Widernet Project ($122k) and Orion Center Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 93% of the total. At year end it held assets of $150k against liabilities of $144k, net assets of $6,400.