Korean Immigrant Workers Advocates of Southern California

Analysis

Korean Immigrant Workers Advocates of Southern California is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 February 2023, Korean Immigrant Workers Advocates of Southern California reported income of $3.9m and spending of $3.6m, spending 92% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $1.3m to $3.9m (+207%), an average of +32% a year. The sharpest change came in the year to February 2021, when income rose by 225%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Korean Immigrant Workers Advocates of Southern California sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include North Central Indiana Regional Planning Council ($3.9m), Trustees of New Castle Common ($3.9m) and Mt Olive Community Outreach Center Inc ($3.9m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 98% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $291k (8.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.0m against liabilities of $301k, net assets of $4.7m. It reported 72 employees.