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New Jersey · Nonprofit

PRAISE KOREAN CULTURAL COMMUNITY CENTER INC

PRAISE KOREAN CULTURAL COMMUNITY CENTER INC (New Jersey) receives grants from 2 organizations whose IRS filings report $15,872 to it, the largest being GRACE CHARITY FOUNDATION INC ($15,804). 2 of them have funded it in more than one year.

Revenue FY2025
$147k
Funders on record
2
Grants received
$16k
Net assets
$10k
2/2 repeat funderspeak grant-dependency 1%
01What it does

What Praise Korean Cultural Community Center Inc does

Mission

The praise korean cultural community center (hereinafter, "pkccc") was established to support our community's educational needs in korean language and culture specifically targeting 2nd generation korean-americans and local non-korean natives.

As stated on its FY2025 Form 990-EZ.

Programs

  1. In teaching the korean language, we offer curriculum to improve reading and writing skills. This is reinforced by speaking only korean in our school even during non-class hours. To promote the education of korean culture, we offer classes including but not limited to etiquette, gardening, taekwondo, baking, cooking, traditional art and traditional dance. We regularly host events open to the public such as our "korean national folk day" where students can compete and present their learned skills in relation to korean language and culture including but not limited to story -telling, story-writing, drawing, taekwondo.

    $88,224 spent
    54% of program spending
  2. Salaries were paid to the teachers who regularily teach classes offered by the organization.

    $75,285 spent
    46% of program spending

The 2 programs described on its FY2025 Form 990-EZ. Program spending in total: $163,509.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($119k) Expenses 100 ($123k) Net assets 100 ($24k)2018 Revenue 99 ($119k) Expenses 101 ($125k) Net assets 74 ($18k)2019 Revenue 135 ($161k) Expenses 109 ($135k) Net assets 186 ($44k)2020 Revenue 95 ($113k) Expenses 101 ($124k) Net assets 140 ($33k)2021 Revenue 130 ($155k) Expenses 115 ($142k) Net assets 196 ($47k)2022 Revenue 114 ($136k) Expenses 115 ($142k) Net assets 171 ($41k)2023 Revenue 111 ($132k) Expenses 119 ($146k) Net assets 114 ($27k)2024 Revenue 122 ($146k) Expenses 119 ($147k) Net assets 109 ($26k)2025 Revenue 123 ($147k) Expenses 133 ($164k) Net assets 41 ($10k)
'17'18'19'20'21'22'23'24'25
Revenue (123)Expenses (133)Net assets (41)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $18k to $44k (+151%).

$24k
$18k
$44k
$46k
$47k
$41k
$27k
$26k
$10k
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

45% of PRAISE KOREAN CULTURAL COMMUNITY CENTER INC’s revenue is contributions — about as donation-reliant as the typical peer (57% for the typical peer).

This organization
Typical peer · 24,946 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 9 reported years ran a deficit.

−$4k
’17
−$6k
’18
$27k
’19
−$11k
’20
$13k
’21
−$6k
’22
−$14k
’23
−$1k
’24
−$16k
’25

Leadership and staff

Board chair

Jimmy Lee

Chairman

As listed on its FY2025 Form 990-EZ.

03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $1k → $1k.

Funder
'19
'20
'21
'22
'23
'24*
total
funders
1
1
1
1
2
1

1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of PRAISE KOREAN CULTURAL COMMUNITY CENTER INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PRAISE KOREAN CULTURAL COMMUNITY CENTER INC leans on a few funders — its largest provides 100% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 98% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of PRAISE KOREAN CULTURAL COMMUNITY CENTER INC's grant income comes from New Jersey funders.

NJ

In-state vs out-of-state, by year

’19
’20
’23
New Jersey out of state home

Funder states come from each funder’s own filing. $68 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

PRAISE KOREAN CULTURAL COMMUNITY CENTER INC's funding base is broadening — from 1 funders to 2 as grant income climbed.

Operating margin−11% · bottom quartile
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025

Organizations like PRAISE KOREAN CULTURAL COMMUNITY CENTER INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New Jersey

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for PRAISE KOREAN CULTURAL COMMUNITY CENTER INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PRAISE KOREAN CULTURAL COMMUNITY CENTER INC?
PRAISE KOREAN CULTURAL COMMUNITY CENTER INC (New Jersey) receives grants from 2 organizations whose IRS filings report $15,872 to it, the largest being GRACE CHARITY FOUNDATION INC ($15,804). 2 of them have funded it in more than one year.
How many funders does PRAISE KOREAN CULTURAL COMMUNITY CENTER INC have?
IRS filings report 2 organizations giving $15,872 in grants to PRAISE KOREAN CULTURAL COMMUNITY CENTER INC, 2 of which have funded it in more than one year.
Who is the largest funder of PRAISE KOREAN CULTURAL COMMUNITY CENTER INC?
GRACE CHARITY FOUNDATION INC is the largest funder on record, with $15,804 in grants. The full list of funders is on this page.
How can an organization like PRAISE KOREAN CULTURAL COMMUNITY CENTER INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New Jersey. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Praise Korean Cultural Community Center →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing