Korean-American Parents Associationof Greater New York Inc

Analysis

Korean-American Parents Associationof Greater New York Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in August 2009, 17 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 August 2023, Korean-American Parents Associationof Greater New York Inc reported income of $68k and spending of $50k, leaving 26% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $51k to $68k (+33%), an average of +33% a year. The sharpest change came in the year to August 2023, when income rose by 33%. Over the whole period it spent 78% 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 Parents Associationof Greater New York Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Living Hope Legacy Inc ($68k), Bluff City Athletic Club NFP ($68k) and Louisiana 4-H Foundation ($68k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.