Korean-American Youth Foundation Inc

Analysis

Korean-American Youth Foundation Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Youth Foundation Inc reported income of $102k and spending of $122k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $254k to $102k (-60%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Korean-American Youth Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Central Ravens ($102k), Options for Children in Zambia ($102k) and Prime the Pump Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $72k. At year end it held assets of $160k against liabilities of $1,582, net assets of $159k. It reported 3 employees.