Korean American Society of Greater Kansas City Inc

Analysis

Korean American Society of Greater Kansas City Inc is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in May 1976, 50 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 2022, Korean American Society of Greater Kansas City Inc reported income of $257k and spending of $44k, leaving 83% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $48k to $257k (+439%), an average of +439% a year. The sharpest change came in the year to December 2022, when income rose by 439%. Over the whole period it spent 31% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean American Society of Greater Kansas City Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KS. Charities of a similar size with the same main cause include Richards Library ($257k), Our Lady of Fatima School Foundation ($257k) and Spring Street Pre-School Inc ($257k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.