Korean American Association of Laguna Woods Village

Analysis

Korean American Association of Laguna Woods Village is a registered charity in United States, based in Laguna Woods, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Association of Laguna Woods Village reported income of $164k and spending of $158k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $164k (+153%), an average of +153% a year. The sharpest change came in the year to December 2023, when income rose by 153%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean American Association of Laguna Woods Village sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Buffalo Niagara Partnership Foundation ($164k), Law Enforcement Assistance Foundation Inc ($164k) and Garden Club of Ohio Inc ($164k).

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 $24k against liabilities of $0, net assets of $24k.