Korean American Association of Greater Cleveland

Analysis

Korean American Association of Greater Cleveland is a registered charity in United States, based in Strongsville, OH. It received its IRS tax-exemption ruling in October 1979, 47 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 Association of Greater Cleveland reported income of $91k and spending of $33k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $18k to $91k (+403%), an average of +403% a year. The sharpest change came in the year to December 2023, when income rose by 403%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean American Association of Greater Cleveland 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 34th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Fatima Jinnah Medical College Alumni Inc ($91k), Morris County Senior Citizens Inc ($91k) and Wellspring ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $229k against liabilities of $0, net assets of $229k.