Korean American Senior Association of Anchorage

Analysis

Korean American Senior Association of Anchorage is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 2019, 7 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, Korean American Senior Association of Anchorage reported income of $71k and spending of $40k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $71k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean American Senior Association of Anchorage sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within AK. Charities of a similar size with the same main cause include International Center of Hope Charity ($71k), Marvelous Ways International Inc ($71k) and Matinecock Masonic Historical Society ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.