Greater Dallas Korean American Chamber of Commerce

Analysis

Greater Dallas Korean American Chamber of Commerce is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, Greater Dallas Korean American Chamber of Commerce reported income of $67k and spending of $68k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $67k (-9.2%), an average of -9.2% a year. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Dallas Korean American Chamber of Commerce sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Onmain Inc ($67k), Darrington Community Club Inc ($67k) and Junior League of Peoria Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $60k, net assets of $16.