Korean Food Global Association

Analysis

Korean Food Global Association 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 food, agriculture and nutrition, 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 Food Global Association reported income of $127k and spending of $82k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $127k (-2.0%), an average of -2.0% a year. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean Food Global Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Windhams Helping Hands Inc ($127k), Breaking Barriers for Kids and Families ($127k) and Oregon Resource Family Alliance ($127k).

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 $56k against liabilities of $0, net assets of $56k.