Georgia Korean-American Farmers Association Incorporated

Analysis

Georgia Korean-American Farmers Association Incorporated is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in April 2020, 6 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 (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, Georgia Korean-American Farmers Association Incorporated reported income of $551k and spending of $537k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $551k (+394%), an average of +394% a year. The sharpest change came in the year to December 2023, when income rose by 394%. 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, Georgia Korean-American Farmers Association Incorporated sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Cornell Agriculture and Food Technology Park Corporation ($551k), Mesila International Inc ($551k) and Santa Cruz Toddler Care Center ($551k).

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 $25k (4.7% of expenses). At year end it held assets of $15k against liabilities of $0, net assets of $15k. It reported 4 employees.