Federal Way Korean American Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 123,783 | 103,339 | 20,444 | 8.9 | 24% |
| 2014 | 132,507 | 134,454 | −1,947 | 6.6 | 21% |
| 2015 | 190,105 | 139,367 | 50,738 | 10.8 | 22% |
| 2016 | 181,389 | 139,235 | 42,154 | 14.4 | 25% |
| 2017 | 218,285 | 175,165 | 43,120 | 14.4 | 20% |
| 2018 | 255,368 | 179,966 | 75,402 | 19.1 | 23% |
| 2019 | 270,799 | 205,715 | 65,084 | 20.5 | 23% |
| 2022 | 203,067 | 92,358 | 110,709 | 24.4 | 0% |
| 2023 | 88,013 | 61,471 | 26,542 | 41.8 | 0% |
In its most recent public year (2023), this organization brought in $26,542 more than it spent. Its reserves stood at about 41.8 months of spending, up from 8.9 in 2013. Staff pay was 0% of spending.
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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