Korean American Modeling Association USA

Analysis

Korean American Modeling Association USA is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2022, 4 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 (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 American Modeling Association USA reported income of $83k and spending of $83k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $83k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 96% 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 Modeling Association USA sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Bosniak American Advisory Council for Bosnia and Herzegovina Inc ($83k), Capital Pride Band of Columbus ($83k) and Worcester Symphony Orchestra Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.