Korean American Music Supporters Association USA Inc

Analysis

Korean American Music Supporters Association USA Inc is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, 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 December 2023, Korean American Music Supporters Association USA Inc reported income of $116k and spending of $98k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $116k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 91% 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 Music Supporters Association USA Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Artstarts Company ($116k), Ping Providing Instruments for Thenext Generation ($116k) and Willits Community Theater Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.