San Francisco & Bay Area Korea Center

Analysis

San Francisco & Bay Area Korea Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, San Francisco & Bay Area Korea Center reported income of $1.4m and spending of $176k, leaving 88% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $430k to $1.4m (+233%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 12% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, San Francisco & Bay Area Korea Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Peace in Schools ($1.4m), New York United Jewish Association Inc ($1.4m) and Guiding Light Foster Care & Adoption ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.