Korean Amateur Sports Association

Analysis

Korean Amateur Sports Association is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Amateur Sports Association reported income of $79k and spending of $85k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $79k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Korean Amateur Sports Association sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include Grind for Life Inc ($79k), Byron Youth Baseball Association ($79k) and Concord Carlisle Youth Basketball Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,892 against liabilities of $0, net assets of $2,892.