Korean American Womens Association of Chicago

Analysis

Korean American Womens Association of Chicago is a registered charity in United States, based in Wheeling, IL. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Korean American Womens Association of Chicago reported income of $166k and spending of $97k, leaving 42% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $84k to $166k (+97%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean American Womens Association of Chicago sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Daystar International Inc ($166k), Marshfield Youth Hockey Association Inc ($166k) and Northwest Outreaches Inc ($166k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 23% of the total. At year end it held assets of $299k against liabilities of $0, net assets of $299k.