The Korean American School of Heritage & Culture is a 501(c)(3) organization based in Northbrook, Illinois, registered in 2006, with $73,976 in FY2025 revenue. CharityIndex grades it C+.
Revenue (FY2025)
$74K
▲ 2.6% vs prior year
Arts & Culture median: $159K
Expenses (FY2025)
$63K
Net assets
$94K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 The Korean American School of Heritage & Culture— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 The Korean American School of Heritage & Culture: 18 mo reserves · +15% margin earns a A on this criterion. See the exact thresholds →
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 The Korean American School of Heritage & Culture— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 The Korean American School of Heritage & Culture: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $290K (FY2013) to $74K (FY2025) across 13 reported years.
Financial snapshot
Operating margin
15.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$140K
Total liabilities
$46K
Net assets
$94K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $73,976▲2.6% | $62,805▼11.0% | $93,793▲13.5% | $139,593▲8.7% | 990EZ |
| 2024 | $72,136▼50.0% | $70,535▼55.9% | $82,622▲2.0% | $128,422▲1.3% | 990EZ |
| 2023 | $144,355▲76.7% | $159,899▲115% | $81,021▼16.1% | $126,821▼10.9% | 990EZ |
| 2022 | $81,699▲103% | $74,235▲73.8% | $96,565▲8.4% | $142,365▲5.5% | 990EZ |
| 2021 | $40,322▲2.3% | $42,719▼44.2% | $89,101▼2.6% | $134,901▼1.7% | 990EZ |
| 2020 | $39,413▼74.5% | $76,616▼48.1% | $91,498▼28.9% | $137,298▲6.7% | 990EZ |
| 2019 | $154,465▲15.7% | $147,578▲58.0% | $128,701▲5.7% | $128,701▲5.7% | 990EZ |
| 2018 | $133,512▲27.2% | $93,405▲48.9% | $121,814▲49.1% | $121,814▲49.1% | 990EZ |
| 2017 | $104,928▼19.6% | $62,749▼51.5% | $81,707▲107% | $81,707▲107% | 990EZ |
| 2016 | $130,584▲117% | $129,274▲121% | $39,528▲3.4% | $39,528▲3.4% | 990EZ |
| 2015 | $60,276▼28.5% | $58,573▼25.2% | $38,218▲4.7% | $38,218▲4.7% | 990EZ |
| 2014 | $84,255▼70.9% | $78,286▼73.3% | $36,515▲19.5% | $36,515▲19.5% | 990EZ |
| 2013 | $290,010 | $292,662 | $30,546 | $30,546 | 990 |
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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Data for The Korean American School of Heritage & Culture (EIN 20-2925102) 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.