Korean-American Seniors Association Of Oc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 64,414 | 72,126 | −7,712 | -1.3 | — |
| 2021 | 389,141 | 422,333 | −33,192 | 24.6 | 12% |
| 2022 | 337,256 | 405,531 | −68,275 | 22.8 | 19% |
| 2023 | 209,186 | 245,141 | −35,955 | 38.3 | 31% |
In its most recent public year (2023), this organization spent $35,955 more than it brought in. Its reserves stood at about 38.3 months of spending, up from -1.3 in 2020. Staff pay was 31% of spending. $423,169 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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