Silicon Valley Korean American Senior Citizens League

Analysis

Silicon Valley Korean American Senior Citizens League is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in March 1995, 31 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, Silicon Valley Korean American Senior Citizens League reported income of $63k and spending of $86k, spending 137% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $60k to $63k (+3.8%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silicon Valley Korean American Senior Citizens League sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Unstoppable Love International ($63k), Highway Ministries ($63k) and S a F E ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $254k against liabilities of $0, net assets of $254k.