Mission
TO PROMOTE THE SAFETY OF LIFE AND PROPERTY AT SEA BY SETTING STANDARDS OF SAFETY. IMPROVING EXISTING STANDARDS AND ORGANIZING THEM ON A GLOBAL BASIS
Public Charity
KOREAN REGISTER OF SHIPPING INC
KOREAN REGISTER OF SHIPPING INC is a Public Charity headquartered in NORWOOD, NJ. Financial data from the 2025 filing: $206K revenue, $220K expenses, $92K total assets.
EIN: 061296306
NORWOOD, NJ
Public Safety, Disaster Preparedness & Relief N.E.C.
NTEE: M99
Latest filing: 2025
Total Revenue$206K
Total Expenses$220K
Total Assets$92K
Grant Records0
Filing Years2020–2025
Where $100 goes at Korean Register of Shipping Inc
How Korean Register of Shipping Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$34
Travelled to engage in a wide range of inspection and tests on the ship's article, equipment for marine pollution prevention and container of dangerous goods, etc
$27
Saleries paid to certified inspectors to carry out statutory services
$23
Rental expense for the office
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
PRESIDENT
Kilcheon Seo
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $206K | $220K | $92K |
| 2024 | $264K | $220K | $105K |
| 2023 | $341K | $337K | $66K |
| 2022 | $361K | $360K | $62K |
| 2020 | $407K | $397K | $61K |
Between 2020 and 2025, reported annual revenue declined from $407K to $206K (-49%), with total assets most recently reported at $92K.
Interactive year-over-year charts and full filing details available with membership.