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IK-JOONG KANG FOUNDATION INC

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Public IRS 990 nonprofit record

IK-JOONG KANG FOUNDATION INC

EIN 99-3514044 · Arts & Culture (A20)

What they do

ARTIST and DIRECTOR of THE HANGEUL PROJECT, IK-JOONG KANG, WILL USE 20,000 HANGEUL TILES to CREATE THE WORLDS FIRST HANGEUL WALL AT THE KOREAN CULTURAL CENTER IN NEW YORK. AMONG THE 20,000 TILES WILL BE 1,000 PIECES CREATED BY INDIVIDUALS FROM AROUND THE WORLD. INDIVIDUALS HAD UNTIL JUNE 30, 2024, to SUBMIT THEIR OWN ARTWORKS INSPIRED BY THE THEME "THINGS I LOVE to TALK ABOUT and 1,000 of THE PIECES WILL BE SELECTED THROUGH ONLINE VOTING BY THE PUBLIC and REVIEW BY IK-JOONG KANG to BECOME PART of THE HANGEUL WALL. NOT ONLY DOES THIS INITIATIVE ALLOW PEOPLE FROM AROUND THE WORLD to CONTRIBUTE to A HISTORIC PIECE of ART BUT IT PROVIDES AN EDUCATIONAL OPPORTUNITY FORPARTICIPANTS to EXPLORE THE HISTORICAL SIGNIFICANCE of HANGEUL.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

105.09%of revenue went to mission work100.0% of expenses · Program services
$105.11spent for every $100 of revenueSpending was higher than revenue this year.
$0.01in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $8,764 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$171,505
Mission workProgram services$180,239105.09% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$180,269105.11% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$171,505
Expenses$180,269
Annual shortfall $8,764 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$180,239 · 100.0% of expenses
See all reported dollar amounts
Revenue$171,505
Expenses$180,269
Assets$1,236
Income$171,505
Contributions$171,505
Mission work (program services)$180,239
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

IK-JOONG KANGSECRETARY

KEHOO KANGTREASURER

MARGARETTE LEEPRESIDENT

About this charity

Recognized since
January 2025
Location
325 BROADWAY STE 200, NEW YORK, NY 10007-3660
County
New York
In care of
MARGARETTE LEE
Primary officer
MARGARETTE LEE, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990EZ
Tax preparer
CBIZ ADVISORS LLC
NTEE classification
Arts & Culture (A20)
IRS tax category
Arts & Culture

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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