Korean American Chamber Of Commerce Usa
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 139,371 | 137,641 | 1,730 | 0.5 | — |
| 2021 | 21,323 | 20,131 | 1,192 | 4.4 | — |
| 2024 | 1,167,914 | 1,494,948 | −327,034 | 0.1 | 3% |
In its most recent public year (2024), this organization spent $327,034 more than it brought in. Its reserves stood at about 0.1 months of spending. Staff pay was 3% 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 2024. 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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