Sarang Korean School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 85,600 | 46,458 | 39,142 | 10.1 | — |
| 2014 | 192,836 | 202,916 | −10,080 | 1.7 | — |
| 2015 | 197,821 | 193,374 | 4,447 | 2.1 | — |
| 2016 | 220,804 | 215,633 | 5,171 | 2.0 | 44% |
| 2017 | 307,690 | 214,057 | 93,633 | 7.3 | 47% |
| 2018 | 266,332 | 240,605 | 25,727 | 7.8 | 50% |
| 2019 | 267,699 | 289,382 | −21,683 | 5.5 | 56% |
| 2020 | 89,040 | 120,087 | −31,047 | 10.3 | 61% |
| 2021 | 157,760 | 148,888 | 8,872 | 8.8 | 66% |
| 2022 | 225,006 | 233,018 | −8,012 | 5.5 | 65% |
| 2023 | 251,250 | 270,071 | −18,821 | 3.9 | 59% |
In its most recent public year (2023), this organization spent $18,821 more than it brought in. Its reserves stood at about 3.9 months of spending, down from 10.1 in 2013. Staff pay was 59% 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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