Korean American Society of Virginia

Analysis

Korean American Society of Virginia is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Korean American Society of Virginia reported income of $103k and spending of $102k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $103k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korean American Society of Virginia sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Liberty Singers Booster Club ($103k), Bay Area Financial Education Foundation ($103k) and Wholly Informed Sex Ed ($103k).

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 $1,587 against liabilities of $0, net assets of $1,587.