Charity Search / CHICAGO KOREAN DANCE COMPANY NFP
Arts, Culture & Humanities (A62) IRS Verified DX Registered 990 on File

CHICAGO KOREAN DANCE COMPANY NFP

EIN: 47-3051009 · ROLLING MDWS, IL 60008-1125 · United States · FY 2023 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 65/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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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
$270K
Total Revenue
$231K
Total Expenses
$146K
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 98.6%
Fundraising Efficiency N/A
Operating Reserve 7.57x
Liability-to-Asset 0.0%
Revenue Diversification 67.5%
Executive Compensation $30K
Compared with Peers
FY 2023
Compared with 16,962 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
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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Organization Details
EIN
47-3051009
State
IL
City
ROLLING MDWS
ZIP
60008-1125
Classification
A62
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2009
Foundation Code
15
Form 990
On File
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