Federation Of Mid-South Korean Associations
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 63,732 | 49,874 | 13,858 | 4.6 | 0% |
| 2021 | 55,620 | 68,148 | −12,528 | 1.2 | 0% |
| 2022 | 107,817 | 64,845 | 42,972 | 9.2 | 0% |
| 2023 | 15,800 | 34,576 | −18,776 | 10.7 | 0% |
In its most recent public year (2023), this organization spent $18,776 more than it brought in. Its reserves stood at about 10.7 months of spending, up from 4.6 in 2020. 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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