The Korean-American Family Service Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 2,901,849 | 2,393,176 | 508,673 | 15.6 | 54% |
| 2019 | 2,826,871 | 2,801,741 | 25,130 | 13.5 | 49% |
| 2020 | 2,436,644 | 2,270,440 | 166,204 | 17.8 | 47% |
| 2021 | 3,166,587 | 2,180,002 | 986,585 | 24.1 | 52% |
| 2022 | 5,014,770 | 3,479,413 | 1,535,357 | 19.9 | 39% |
| 2023 | 4,424,882 | 3,144,821 | 1,280,061 | 27.2 | 46% |
In its most recent public year (2023), this organization brought in $1,280,061 more than it spent. Its reserves stood at about 27.2 months of spending, up from 15.6 in 2018. Staff pay was 46% of spending. $1,768,590 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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