Korean Sports Association in USA

Analysis

Korean Sports Association in USA is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Sports Association in USA reported income of $201k and spending of $284k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $201k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income rose by 871%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Korean Sports Association in USA sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Caledonia Touchdown Club ($201k), Tripletown Aces ($201k) and Connecticut Curlers Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.