The Korean American Federation of Orange County

Analysis

The Korean American Federation of Orange County is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2024, The Korean American Federation of Orange County reported income of $181k and spending of $225k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $239k to $181k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Korean American Federation of Orange County sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Orphan & Widows Association ($181k), Teo-Chew Association of Greater Philadelphia ($181k) and Cambio PR Inc ($181k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 85% of the total. At year end it held assets of $40k against liabilities of $83k, net assets of -$43k.