Korean-American Association of Tacoma

Analysis

Korean-American Association of Tacoma is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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-American Association of Tacoma reported income of $89k and spending of $99k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $89k (-3.9%), an average of -3.9% a year. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Korean-American Association of Tacoma sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Outreach Africa Inc ($89k), Water Underground ($89k) and Foundation Ministries Incorporated ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $318k against liabilities of $16k, net assets of $302k.