Korean American Senior Citizens Society of Greater N Y Inc

Analysis

Korean American Senior Citizens Society of Greater N Y Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Korean American Senior Citizens Society of Greater N Y Inc reported income of $364k and spending of $280k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $364k (+46%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean American Senior Citizens Society of Greater N Y Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include House of Hope ($364k), Fatherless Network or Widows and Orphans ($364k) and NW Sarcoma Foundation a Non-Profit Corporation ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $435k against liabilities of $4,888, net assets of $430k. It reported 5 employees.