Silicon Valley Korean American Federation

Analysis

Silicon Valley Korean American Federation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Silicon Valley Korean American Federation reported income of $202k and spending of $214k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $202k (+165%), an average of +165% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Silicon Valley Korean American Federation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Friends of Egyptian Children with Cancer ($202k), One Changed Life Inc ($202k) and Association for Evolutionary Economics ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.