Korea Defense Veterans Association

Analysis

Korea Defense Veterans Association is a registered charity in United States, based in Gainesville, VA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Korea Defense Veterans Association reported income of $923k and spending of $911k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $404k to $923k (+128%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Korea Defense Veterans Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Friends of Access Israel Inc ($922k), Starfish Ministries ($923k) and Jewish Year Abroad ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $145k (16% of expenses). Other salaries and wages came to $115k. At year end it held assets of $180k against liabilities of $11k, net assets of $170k. It reported 3 employees.