Korean Community Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 33,228 | 5,411 | 27,817 | 61.7 | 0% |
| 2015 | 24,863 | 1,551 | 23,312 | 395.6 | 0% |
| 2016 | 332,248 | 49,123 | 283,125 | 81.7 | 0% |
| 2017 | 303,644 | 1,969 | 301,675 | 3875.6 | 0% |
| 2018 | 678,562 | 932 | 677,630 | 16836.5 | 0% |
| 2019 | 1,472,933 | 2,352,542 | −879,609 | 14.6 | 0% |
| 2020 | 406,737 | 383,145 | 23,592 | 90.6 | 0% |
| 2021 | 395,862 | 319,347 | 76,515 | 111.6 | 0% |
| 2022 | 280,173 | 467,960 | −187,787 | 71.3 | 0% |
| 2023 | 578,079 | 739,101 | −161,022 | 42.5 | 0% |
In its most recent public year (2023), this organization spent $161,022 more than it brought in. Its reserves stood at about 42.5 months of spending, down from 61.7 in 2014. Staff pay was 0% of spending. $2,620,320 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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