Korean Language & Cultural Institute Inc

Organization Overview

Korean Language & Cultural Institute Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Language & Cultural Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 04/2024, Korean Language & Cultural Institute Inc generated $237.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $243.2k during the year ending 04/2024. While expenses have increased by 8.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2024

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE STUDY AND UNDERSTANDING OF THE KOREAN LANGUAGE, CULTURE, HISTORY AND TRADITIONS AMONG MEMBERS OF THE KOREAN-AMERICAN AND AMERICAN COMMUNITIES. TO PROVIDE OPPORTUNITY TO LEARN THE KOREAN LANGUAGE IN ITS WRITTEN AND SPOKEN FORMS WIHT NATIVE INSTRUCTORS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeonghak Yoo
President
$0
Ji Won Moon
Director
$15,500

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $237,576
Interest on Savings $3
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $237,579

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