House of Korea Inc
Nonprofit profile at a glance
- EIN
- 901028223
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990 2023, Form 990-EZ 2025, Form 990-N 2024
- Location
- San Diego, CA, USA
- Phone
- 0000000000
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $33,992
- Expenses
- $22,895
- Assets
- $169,866
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JUNG JOO HWANG (President)
- MIYOUNG HYUN (Vice President 1 formerly Secretary)
- GRACE LEE (Vice President 2 formerly Director)
- JINYOUNG MIN (Treasurer formerly Vice President 2)
- BILL LUKSIC (Director formerly Vice President 1)
People named in this filing
- JUNG JOO HWANG (President)
- MIYOUNG HYUN (Vice President 1 formerly Secretary)
- GRACE LEE (Vice President 2 formerly Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Primary Exempt Purpose The primary exempt purpose of House of Korea is to foster public learning and appreciation of Korean art culture and history within the local community Through a diverse range of educational programs cultural exhibitions and collaborative events the organization serves as a bridge for cross-cultural understanding We are dedicated to preserving and promoting the rich heritage of Korea by providing accessible resources and engaging experiences to the general public thereby enriching the cultural landscape of our diverse society Program Service Accomplishments During the fiscal year House of Korea successfully conducted multiple community engagement initiatives to fulfill its mission
What it reported doing in 2025
Program Title Scholarship Youth Leadership Community Outreach Description Managed youth cultural leadership initiatives including the House of Pacific Relations Queen Princess Program and House of Koreas Young Ambassador Program to foster leadership skills and cultural pride among the next generation Additionally conducted community outreach programs to honor and support local seniors and veterans including visitation and financial assistance for Korean War Veterans and support for the San Diego Korean Senior Association during annual events such as Parents Day
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 91
- Sustainability: 79
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 32.6%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 7.42; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 37.6% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: -14.6% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: -6.5% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $52K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.