Korean American Cpa Society of Southern California

Analysis

Korean American Cpa Society of Southern California is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Korean American Cpa Society of Southern California reported income of $138k and spending of $131k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $207k to $138k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean American Cpa Society of Southern California sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Reel2e ($138k), Pittsburgh Area Lutheran Schools ($138k) and Kerby School Parent Teacher Organization ($138k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 3.3% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.