Koreatown Organizations Association Inc

Analysis

Koreatown Organizations Association Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Koreatown Organizations Association Inc reported income of $1.2m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $999k to $1.2m (+15%), an average of +3.6% a year. 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, Koreatown Organizations Association Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Taala Fund ($1.2m), Kentucky Industrial Development Council Inc ($1.2m) and Wichita Electrical Industry Training Fund Board Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $5.6m against liabilities of $3.6m, net assets of $2.0m.