Korean American Senior Citizens Association of NJ Inc

Analysis

Korean American Senior Citizens Association of NJ Inc is a registered charity in United States, based in Leonia, NJ. It received its IRS tax-exemption ruling in October 2001, 25 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, Korean American Senior Citizens Association of NJ Inc reported income of $248k and spending of $251k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $248k (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean American Senior Citizens Association of NJ Inc 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 58th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Care-A-Van-Saint Inc ($248k), Partners 4 Hope Tanzania ($248k) and Seed House - LA Casa de LA Semilla ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Other salaries and wages came to $65k. At year end it held assets of $183k against liabilities of $0, net assets of $183k. It reported 1 employees.