Washington State Korean-american Education and Culture Foundation is a 501(c)(3) organization based in Mercer Island, Washington, registered in 2018, with $287,120 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$287K
▼ 13.4% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$28K
Net assets
$1.2M
Employees
—
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 Washington State Korean-american Education and Culture Foundation— 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 Washington State Korean-american Education and Culture Foundation: 486 mo reserves · +90% margin earns a B+ 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 Washington State Korean-american Education and Culture Foundation— 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 Washington State Korean-american Education and Culture Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $24K (FY2017) to $287K (FY2023) across 5 reported years.
Financial snapshot
Operating margin
90.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2M
Total liabilities
$0
Net assets
$1.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $287,120▼13.4% | $28,480▼44.9% | $1,153,133▲140% | $1,153,133▲140% | 990 |
| 2022 | $331,517▲335% | $51,646▼56.5% | $480,624▲139% | $480,624▲139% | 990 |
| 2021 | $76,250▲30.7% | $118,833 | $200,753▼63.8% | $200,753▼63.8% | 990 |
| 2020 | $58,352▲144% | $0▼100% | $555,221▲75.6% | $555,221▲75.6% | 990 |
| 2017 | $23,905 | $52 | $316,186 | $316,186 | 990EZ |
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.
Explore more
Data for Washington State Korean-american Education and Culture Foundation (EIN 46-4444013) 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.