Koreisha Senior Care & Advocacy

Analysis

Koreisha Senior Care & Advocacy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Koreisha Senior Care & Advocacy reported income of $624k and spending of $21k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $624k (+396%), an average of +396% a year. The sharpest change came in the year to December 2023, when income rose by 396%. Over the whole period it spent 6.5% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Koreisha Senior Care & Advocacy sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Careavan Transit System Inc ($624k), Grandview Assistance Program ($624k) and Maize Genetics Cooperation Inc ($624k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $1,157 (5.5% of expenses). At year end it held assets of $786k against liabilities of $0, net assets of $786k.