Korean American Outreach Group

Analysis

Korean American Outreach Group is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2021, Korean American Outreach Group reported income of $67k and spending of $76k, spending 114% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income grew from $44k to $67k (+53%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean American Outreach Group sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Storehouse ($67k), India Association of Los Angeles ($67k) and Considerothers ($67k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Other salaries and wages came to $28k. At year end it held assets of $16k against liabilities of $21k, net assets of -$5,335. It reported 1 employees.