Korean Womens Association

Analysis

Korean Womens Association is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in December 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Womens Association reported income of $67.8m and spending of $62.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.1m to $67.8m (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean Womens Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Chi Living Communities ($67.5m), Together for Youth ($67.8m) and YMCA of Greater Rochester ($67.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $375k (0.6% of expenses). Other salaries and wages came to $42.3m. At year end it held assets of $50.3m against liabilities of $9.0m, net assets of $41.3m. It reported 2,283 employees.