Korean Family Housing Corporation

Analysis

Korean Family Housing Corporation is a registered charity in United States, based in Arbuckle, CA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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 June 2023, Korean Family Housing Corporation reported income of $406k and spending of $335k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $360k to $406k (+13%), an average of +3.1% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Korean Family Housing Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Pensacola Private School of Liberal Arts Inc ($406k), Meals-On-Wheels Inc of Greenwich Connecticut ($406k) and Girls Incorporated of Johnson County ($406k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. At year end it held assets of $816k against liabilities of $3.2m, net assets of -$2.3m.