Korean American Grassroots Conference Inc

Analysis

Korean American Grassroots Conference Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 American Grassroots Conference Inc reported income of $576k and spending of $500k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $848k to $576k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Korean American Grassroots Conference Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Arab American Cultural and Community Center ($576k), Artsup LA ($576k) and Bainbridge Arts & Crafts Inc ($576k).

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 $326k (65% of expenses). At year end it held assets of $326k against liabilities of $7,066, net assets of $319k. It reported 4 employees.