Korean Emergency Fund

Analysis

Korean Emergency Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2005, 21 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 October 2023, Korean Emergency Fund reported income of $60k and spending of $61k, spending 103% of its income. Across the 2 years on record, from October 2022 to October 2023, income fell from $81k to $60k (-27%), an average of -27% a year. The sharpest change came in the year to October 2023, when income dropped by 27%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean Emergency Fund sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 18th percentile within WA. Charities of a similar size with the same main cause include New Hope Ministries of Amador ($59k), Eldon Community Food Pantry ($60k) and Baroody Pastoral Counseling ($59k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,101 against liabilities of $0, net assets of $1,101.