The Korean American Senior Citizens Association Inc

Analysis

The Korean American Senior Citizens Association Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 American Senior Citizens Association Inc reported income of $183k and spending of $156k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $183k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Korean American Senior Citizens Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Wright International Ministries ($183k), The Main Street Mission Inc ($183k) and Veteran Carriers Trucking for a Cause ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $220k against liabilities of $0, net assets of $220k.