Andrew Kim House Inc

Analysis

Andrew Kim House Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Andrew Kim House Inc reported income of $915k and spending of $978k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $779k to $915k (+17%), an average of +5.5% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Andrew Kim House Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Fort Worth Affordability Inc ($914k), Florida Gulf Coast Apartments Inc ($915k) and North Country Affordable Housing Inc ($914k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $157k. At year end it held assets of $4.6m against liabilities of $729k, net assets of $3.8m.