The Federation Of Korean Associations Usa
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 487,013 | 488,306 | −1,293 | -0.0 | 31% |
| 2012 | 120,711 | 119,360 | 1,351 | 0.0 | 4% |
| 2013 | 174,050 | 173,650 | 400 | 0.0 | 18% |
| 2014 | 394,020 | 262,378 | 131,642 | 7.2 | 11% |
| 2015 | 128,370 | 286,561 | −158,191 | -0.1 | — |
| 2016 | 197,743 | 162,089 | 35,654 | 2.5 | — |
| 2017 | 69,890 | 95,262 | −25,372 | 1.1 | — |
| 2018 | 236,231 | 235,911 | 320 | 0.4 | 10% |
| 2019 | 182,685 | 314,215 | −131,530 | 1.0 | 0% |
| 2020 | 118,170 | 134,480 | −16,310 | 1.0 | 0% |
| 2021 | 18,459 | 20,388 | −1,929 | 5.3 | 0% |
| 2023 | 267,475 | 236,650 | 30,825 | 1.9 | 0% |
| 2024 | 146,073 | 180,606 | −34,533 | -0.1 | 0% |
In its most recent public year (2024), this organization spent $34,533 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.1 months). 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 2024. 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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