Korean American Association of San Diego

Analysis

Korean American Association of San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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 San Diego reported income of $57k and spending of $62k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $57k (-8.3%), an average of -8.3% a year. Over the whole period it spent 111% 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 San Diego sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Gen Richard G Stilwell Korean War Veterans Memorial Foundation ($57k), Germantown Historical Society Inc ($57k) and Portage School District No 1 Trust No 364 ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 12% of the total. At year end it held assets of $6,658 against liabilities of $0, net assets of $6,658.