Jong Soo Park & Jung Yoon Park Foundation
Only null% goes to programs Strong reserves Growing revenue
Jong Soo Park & Jung Yoon Park Foundation is a 501(c)(3) organization based in Los Angeles, California, registered in 1999, with $420,027 in FY2024 revenue. CharityIndex grades it C+.
10956 Strathmore Dr, Los Angeles, CA, 90024 EIN 38-3468276 Since 1999
Revenue (FY2024)
$420K
▲ 301.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$18K
Net assets
$825K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Jong Soo Park & Jung Yoon Park Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating551 mo reserves · +96% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jong Soo Park & Jung Yoon Park Foundation: 551 mo reserves · +96% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Jong Soo Park & Jung Yoon Park Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jong Soo Park & Jung Yoon Park Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 10956 Strathmore Dr, Los Angeles, CA, 90024
- City
- Los Angeles
- State
- California
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $150K (FY2015) to $420K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $825K
Operating margin
95.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$825K
Total liabilities
$0
Net assets
$825K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $420,027▲302% | $17,978▼89.0% | $825,035▲95.1% | $825,035▲95.1% | 990PF |
| 2023 | $104,538▲4.4% | $163,707▲553% | $422,986▼12.3% | $422,986▼12.3% | 990PF |
| 2022 | $100,124▲0.1% | $25,080▼39.7% | $482,155▲18.4% | $482,155▲18.4% | 990PF |
| 2021 | $100,022 | $41,595▼26.0% | $407,111▲16.8% | $407,111▲16.8% | 990PF |
| 2020 | $100,000 | $56,187▲0.1% | $348,684▲14.4% | $348,684▲14.4% | 990PF |
| 2019 | $100,000 | $56,116▼58.8% | $304,871▲16.8% | $304,871▲16.8% | 990PF |
| 2018 | $100,000▼50.0% | $136,183▲23.4% | $260,987▼12.2% | $260,987▼12.2% | 990PF |
| 2017 | $200,000▲100% | $110,365▲33.1% | $297,170▲43.2% | $297,170▲43.2% | 990PF |
| 2016 | $100,000▼33.3% | $82,929▲318858% | $207,535▲9.0% | $207,535▲9.0% | 990PF |
| 2015 | $150,000 | $26 | $190,464 | $190,464 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Jong Soo Park & Jung Yoon Park Foundation a legitimate nonprofit?
- Yes. Jong Soo Park & Jung Yoon Park Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3468276, based in Los Angeles, California. Donations are tax-deductible.
- What is Jong Soo Park & Jung Yoon Park Foundation's EIN?
- Jong Soo Park & Jung Yoon Park Foundation's Employer Identification Number (EIN) is 38-3468276.
- How much revenue does Jong Soo Park & Jung Yoon Park Foundation report?
- Jong Soo Park & Jung Yoon Park Foundation reported $420,027 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Jong Soo Park & Jung Yoon Park Foundation have?
- CharityIndex grades Jong Soo Park & Jung Yoon Park Foundation C+, based on financial health (reserves and operating margin).
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Data for Jong Soo Park & Jung Yoon Park Foundation (EIN 38-3468276) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.