Korean Federation of Los Angeles

Analysis

Korean Federation of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1983, 43 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, Korean Federation of Los Angeles reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $301k to $1.8m (+498%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 237%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korean Federation of Los Angeles sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include We Can Corporation ($1.8m), Bridgehampton Child Care & Recreational Center Inc ($1.8m) and Greenwich Adult Day Care Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $455k. At year end it held assets of $565k against liabilities of $17k, net assets of $549k. It reported 8 employees.