CHICAGO KOREAN DANCE COMPANY NFP
Mission Statement
Chicago Korean Dance Company(CKDC) was established on April 1, 2009 in order to present excellence in Korean culture by the art director of CKDC, Dr. Ae-Deok Lee. We opened, founded, and showcased many performances for Chicago. Since 2010 we have established a youth group, have contributed to educating a second generation, and participated in many performances for the public, such as nursing homes, schools, libraries, and museums. Furthermore, we established the Korean Dance Institute which is for the public to learn Korean dance. We also contributed to the development of traditional culture through the Korean Traditional Performing Art Competition every year since 2014. So many young artists participated and many of them got awards with scholarships. The CKDC develops Korean cultural heritage through various traditional dance performances in the U.S. like New York, Michigan, Indiana, Missouri, Detroit, Kansas City, and St. Louise as well as sharing our culture with many other nations and countries. We have been invited by The Consulate General of the Republic of Korea in Nicaragua, Brazil, Italy, Honduras, and Norway.. We were also invited and performed at the Chicago Thanksgiving parade in downtown Chicago in 2017~2023. We will do our best to continue to portray and bestow our Korean cultural heritage.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
98.6% | 81.8% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
1.4% | 14.0% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.6 mo | 10.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.9% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
67.5% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
34.9% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
48.5% | 13.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
14.5% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $270K | $231K | $146K | 98.6% | 1 |
| 2022 | $200K | $156K | $107K | 97.8% | 1 |
| 2021 | $244K | $149K | N/A | — | 1 |
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