Korea Town Senior and Community Center Inc

Analysis

Korea Town Senior and Community Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2008, 18 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, Korea Town Senior and Community Center Inc reported income of $479k and spending of $327k, leaving 32% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $358k to $479k (+34%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korea Town Senior and Community Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Greater Attleboro Area Council for Children Inc ($479k), Better Choices Inc ($479k) and Advanced Manufacturing Industry Partnership Inc ($479k).

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 $121k. At year end it held assets of $2.2m against liabilities of $14k, net assets of $2.1m. It reported 2 employees.