Korean American Leaders in Hollywood

Analysis

Korean American Leaders in Hollywood is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Korean American Leaders in Hollywood reported income of $89k and spending of $104k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $89k (-7.7%), an average of -7.7% a year. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Korean American Leaders in Hollywood 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 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Art Tooth ($89k), Elmira Little Theatre Inc ($89k) and African American Heritage Museum of Southern New Jersey Inc ($89k).

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 $82k against liabilities of $0, net assets of $82k.