Busan Trade Office LA Inc

Analysis

Busan Trade Office LA Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Busan Trade Office LA Inc reported income of $310k and spending of $310k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $345k to $310k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Busan Trade Office LA Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Nantucket Education Trust Inc ($310k), Irish Football Boosters ($310k) and Yuba-Sutter Youth Soccer League Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (6.1% of expenses). Other salaries and wages came to $127k. At year end it held assets of $90k against liabilities of $50k, net assets of $40k. It reported 4 employees.