The Korean Association of the Greater Atlanta Area Inc

Analysis

The Korean Association of the Greater Atlanta Area Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in September 1975, 51 years ago. 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, The Korean Association of the Greater Atlanta Area Inc reported income of $267k and spending of $220k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $267k (+57%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Korean Association of the Greater Atlanta Area Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Mater Dei Foundation Inc ($267k), Hillel Advisory Council of Greater Long Beach and West Orange Co Inc ($267k) and Hosa Future Health Professionals ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Other salaries and wages came to $30k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.