Korean-American Scientists and Engineers Association Inc

Analysis

Korean-American Scientists and Engineers Association Inc is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover science and technology, 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 June 2022, Korean-American Scientists and Engineers Association Inc reported income of $2.1m and spending of $5.5m, spending 264% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income fell from $2.3m to $2.1m (-9.5%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 93% 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 Scientists and Engineers Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Friends of West Virginia Public Broadcasting Inc ($2.1m), Neighborhood Playhouse Inc ($2.1m) and Croswell Opera House & Fine Arts Association ($2.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $159k. At year end it held assets of $6.5m against liabilities of $48k, net assets of $6.5m. It reported 4 employees.