Korean Community Service Center of

Analysis

Korean Community Service Center of is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Korean Community Service Center of reported income of $2.8m and spending of $2.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.8m (-1.2%), an average of -0.3% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean Community Service Center of sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Real Place Inc ($2.8m), Beaver County Young Mens Christian Association ($2.8m) and Womens Safe House ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $120k (4.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.7m against liabilities of $558k, net assets of $3.2m. It reported 31 employees.