Korean Community Development Services Center

Analysis

Korean Community Development Services Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 Community Development Services Center reported income of $1.7m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean Community Development Services Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Training & Research Foundation ($1.7m), Montessori Center of South Dayton Inc ($1.7m) and Washington Defender Association ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $541k. At year end it held assets of $5.2m against liabilities of $70k, net assets of $5.2m. It reported 26 employees.