Korean American Association Of Chicago
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 258,398 | 244,790 | 13,608 | 9.9 | 5% |
| 2013 | 213,422 | 165,860 | 47,562 | 20.5 | 7% |
| 2014 | 175,255 | 202,779 | −27,524 | 15.1 | 6% |
| 2015 | 191,934 | 118,755 | 73,179 | 33.2 | 10% |
| 2016 | 333,776 | 406,406 | −72,630 | 7.6 | 11% |
| 2017 | 450,540 | 437,010 | 13,530 | 7.4 | 22% |
| 2018 | 310,906 | 316,934 | −6,028 | 10.0 | 9% |
| 2019 | 86,637 | 110,103 | −23,466 | 26.2 | 0% |
| 2020 | 222,805 | 180,024 | 42,781 | 18.9 | 16% |
| 2021 | 95,940 | 139,450 | −43,510 | 20.6 | 22% |
| 2022 | 384,179 | 88,866 | 295,313 | 74.6 | 22% |
| 2023 | 974,117 | 290,434 | 683,683 | 51.9 | 11% |
In its most recent public year (2023), this organization brought in $683,683 more than it spent. Its reserves stood at about 51.9 months of spending, up from 9.9 in 2012. Staff pay was 11% of spending. $12,440 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
Korean American Association Of Chicago's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works