Korean American Community Housing Services Inc

Analysis

Korean American Community Housing Services Inc is a registered charity in United States, based in Milford, MI. It received its IRS tax-exemption ruling in June 1984, 42 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 February 2024, Korean American Community Housing Services Inc reported income of $879k and spending of $845k, spending 96% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $807k to $879k (+8.9%), an average of +2.1% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean American Community Housing Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include East Greenwich Free Library Association ($879k), New Rochelle Day Nursery ($879k) and Safe Harbor ($879k).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $120k. At year end it held assets of $2.0m against liabilities of $3.1m, net assets of -$1.1m.