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The Korea Center for Culture and

New York, New York · EIN 11-3530016 · Arts, Culture & Humanities · tax-exempt since 2005

D

Charity Clarity grade D (score 41.2 of 100), based on the Form 990 for the year ended August 2021.

Graded against 23,660 arts, culture & humanities nonprofits with revenue under $100K filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.854.4 months0
GovernanceBoard independence, key policies and audit, per the 990.48% of practices48
Margin stabilityHow steady the surplus or deficit is year to year.5
Revenue spreadHow much revenue rests on one type of income.0% from one source100
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.16.3%not scored
Management costsShare of spending.83.7%not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

20162017201820202021grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Aug 2024Form 990-PF—————
Aug 2023Form 990-PF—————
Aug 2021Form 990$23K$6,150$17K$438K854.40D
Aug 2020Form 990$20K$102K−$82K$379K44.60D
Aug 2018Form 990$26K$5,314$20K$448K1,010.80C
Aug 2017Form 990$29K$4,800$25K$422K1,056.20F
Aug 2016Form 990$55K$36K$19K$368K124.40F

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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